Denmark is hardly the first place that springs to mind when one thinks of tax havens. Denmark and its Nordic neighbours have been solidly behind the recent call for cracking down on international tax havens and Danes can face eyewatering income tax of up to 63%!

The Copenhagen Post reports that the number of people using Denmark to funnel tax-free earnings to the US from the more obvious tax havens is growing, according to several leading accountants and consultants.

Tax consultant Christen Amby said the swindling had grown exponentially in recent years and was typically done through setting up a ‘shell’ company.

‘It’s my impression that Denmark has become a popular way station for tax evasion – partly because it’s easy to set up a business and also because we don’t have a practice of controlling who the final receiver of funds is,’ Amby told Berlingske Tidende newspaper.

Funds kept in a Caribbean tax haven, for example, were typically transferred to The Netherlands, where earnings from abroad were not taxed. That money could then be moved to Denmark tax-free, where it sat before a final transfer to the US.

Move over Switzerland…