Denmark will buy leaked data Panama Papers

Karsten Lauritzen, Denmark's taxation minister, declared authorities will buy leaked data from a Panamanian law firm that helped customers open offshore companies to avoid paying taxes.

Lauritzen says Denmark's Customs and Tax Administration had received an anonymous offer over the summer to acquire data from the so-called "Panama Papers". The information pertains to 320 Danish cases and could affect between 500 and 600 Danish taxpayers. It's the first time that Scandinavian country is granted the option to purchase confidential information.

Lauritzen says "everything suggests that it is useful information" and "we owe it to all Danish taxpayers who faithfully pay their taxes." The ministry hopes to get hold of the documents by the end of September.

In April, Nordea and Jyske Bank, Denmark's second and third largest banks were among the institutions accused of helping customers avoid taxes.

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