The reporting, coordinated by a German nonprofit newsroom called Correctiv, was based on leaked and confidential documents and an undercover operation by Correctiv journalists posing as billionaires keen to profit from the share-trading scheme.
The plans will also include a 3 per cent tax on online advertising, sales of user data and online platforms, in what the government hopes will raise €1.2 billion in tax revenue next year.
Dubbed the Cumex Files, the investigation reviewed 180,000 secret documents from banks, stock traders and law firms over a period of more than a year.
This change was confirmed by the finance minister and the tax administration on September 4, 2018, following several weeks of mixed messages.
The hope, presumably, is that by lowering income taxes, the UK economy will receive a shot in the arm by supporting existing wealth-creators and attracting new ones.
"More recently, we have witnessed a significant uplift in the provision of strategic consulting advice, including in relation to Brexit"
When the 25 per cent tax charge for Qrops transfers was introduced in the March 2017 Budget, the government published figures suggesting that the charges would raise £65m for the Exchequer in 2017 to 2018.
This outpost of SKAT, as the I.R.S. in Denmark is known, seems an improbable setting for what the authorities call one of the great financial crimes in the country’s history.