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Intel Corporation, which provides most of the world’s PC processors, is alleged to have avoided paying Danish tax by trading with itself at low prices, according to Jyllands-Posten.
According to the report, the Tax Authority claims that group actions have avoided taxes to the tune of DKK 2.5 billion. The Authority is also demanding interest, bringing the total amount being claimed in back taxes to DKK 3.6 billion in what is being termed Denmark’s biggest ever case of transfer pricing.
