SuperNoob
Joined: May '09
Location: India
Age: 37 (M)
Posts: 4873
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copy pasted from another site
Madeira Fjord, a debt holding company for Blanca Games based in Norway, was forced to file for bankruptcy in April when Blanca told them that they were ceasing payment to them, a result of Black Friday. Now it appears that the bankrupt company will be hit with a 180 Million kroner tax debt in relation to income Absolute Poker received from online poker operations in the United States.
According to an article on DN.no, Oslo tax authorities estimated that Absolute Poker hid about 430 Million NOK ($72.18 Million US) in revenue from them and slapped them with a tax bill of 180 Million NOK ($30 Million US).
Norwegian tax authorities claim that Absolute Poker and Madeira Fjord intentionally laundered money from illegal gambling operations in the United States and intentionally hid their owners in an attempt to avoid paying taxes.
According to the article, Madeira Fjord was in the process of moving out of Norway in an attempt to further hide their tracks. Madeira Fjord’s financial advisor Bjorn Blix said the following regarding the tax bill, “I do not agree with the presentation. I have explained to the bankruptcy estate what advice I have given to the company. I do not want to comment on this further now.”
Granted, the likelyhood of Norway seeing any of this tax revenue is slim to none as Blanca Games is reportedly in negotiations with the United States Department of Justice regarding selling off their assets and paying back players. Reports have also surfaced recently that even if those assets are sold, players may only get about 20 percent of what is owed to them.
In the end, this tax bill will likely be no more than a symbolic gesture by Norway, but it just add another page to the dark chapter of online poker history known as Absolute Poker. |
10-20% for ur balances sounds better than 0% lmao
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