Sweden Issues €4.3 million Tax Bill to Multi Poker

Multipoker.com, an early market leader in online poker in Sweden, has been hit with a €4.3 million tax bill for activities prior to its sale to PartyGaming in November 2005, according to Gaming Intelligence Review (GIR).

Skatteverket, the Swedish Tax Authority, is claiming SEK40 million (€4.3 million) in unpaid taxes against Multipoker.com.

Skatteverket says the founders and shareholders EPR Investments, the group behind the online poker site, were based in Sweden, despite claiming to be based in the British Virgin Islands, and that no tax was paid on earnings prior to the sale to PartyGaming. It also says the $14.5 million paid for the company by PartyGaming was deposited in a Swiss bank account and was also undeclared in Sweden, said GIR.

A number of EPR Investments shareholders were arrested in May this year in relation to this case. According to GIR, the Swedish National Economic Crimes Bureau is undertaking a separate investigation of a "suspected severe tax crime."

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