Icelandic public must bail out indebted public sector pension fund
Icelandic tax payers are set to bear the heavy burden of recapitalising the government employees’ pension fund (LSR). Billions of extra krónur a...
Icelandic government to replace all island windows free of charge
It has been decided that nearly all the glass in house windows on Grímsey island will be replaced at the cost of the Icelandic state. Furthermore it i...
Iceland Special Prosecutor brings accounting crime charges against five more
It has been revealed that just before Christmas Iceland’s special prosecutor brought charges against five people accused of tax evasion in their...
Bakers in trouble for undeclared dough
A series of raids by Denmark’s tax authority have revealed that a huge proportion of bakers are not declaring their ‘dough’.
Tax Minister’s spin doctor reported for Thorning-Schmidt leak
The spin doctor for Denmark’s former tax minister has been reported to the police for allegedly trying to publicise private details of the Prime Minis...
Customs processing fees costing Icelanders more than actual import duty
The recipients of 36,000 parcels from overseas last year had to pay Icelandic Customs more for deciding how much duty and charges to apply to their pa...
Icelandic alcohol producer complains about too-high tax
The Icelandic government takes 90 percent of the sale price of vodka, the president of the country’s biggest drinks company says — claimin...
Icelandic tax law discriminating illegally against foreign companies?
The application of tax to interest earnings made by foreign companies in Iceland is a direct violation of the European Economic Area treaty, which Ice...