Actually the 42% high tax band doesn't include the Krankenversicherung, Rentenversicherung and other shit you have to pay on top of it so it's actually close to 50%. Yes I know Scandinavia has always been very high but they're small countries and don't seem to have the same tax raids and foreign policies as Germany.
Scandinavia does have frequent tax raids and they usually find things.
Eltek boss admits tax evasion
Morten Angelil, the 41-year-old chief executive of Eltek, has admitted that he failed to report taxable gains on share sales. He still denies, though, charges of misusing insider information.
Morten Angelil still denies misusing insider information in Eltek stock trades.
Both Angelil and his Eltek associate Lars Jerven have been in police custody since late last week, when they were arrested for trading Eltek shares in 2003 based on insider information.
A court ordered them held in isolation for four weeks, while police continue to investigate charges against them.
Angelil, whose father founded the Eltek telecommunications equipment firm, and Jerven are charged with anonymously trading Eltek shares through overseas bank accounts.
Both men deny charges of misusing insider information but Angelil has admitted to tax evasion charges. He disputes an amount claimed by prosecutors, and neither side will confirm the amount of money involved.
Former mayor's daughter leaves Hydro job after tax scandal
Former Oslo mayor’s daughter Cecilie Ditlev-Simonsen Wednesday resigned as head of communications in the partly state owned company Norsk Hydro, after last month’s tax evasion scandal involving her and her father.
Cecilie Ditlev-Simonsen has been on paid leave from her job since the tax scandal involving her and her father, former Oslo mayor Per Ditlev-Simonsen, was made public in August.
Both father and daughter admitted to having funds in a secret Swiss bank account that they never declared to the tax authorities in the 1990s. The scandal ultimately led to the mayor’s resignation ahead of the local election.
Cecilie Ditlev-Simonsen leaves her job with a guaranteed income of NOK 2,55 millions (about USD 450,000) in the next year and a half.
"After her period of notice of six months, she will receive her salary for another 11 months," a press release from Hydro stated.
Ditlev-Simonsen said in a press release that "her heart was still with Hydro," but added that she found it difficult to continue in her position after it was known that she had failed to declare to the tax authorities the money, amounting to NOK 750,000 (about USD 130,000), she inherited from her late mother.
CEO of Hydro Eivind Reiten thanked Ditlev-Simonsen for the work she had done for the company.
"I am sorry about the situation, but I see that it would be difficult for Cecilie to continue in this position. I thank her for a communications job well done, and wish her all the luck in the future," he said.