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Absolute Poker Caught Up In Norwegian Tax Problems

16 January 2012 by CasinoListings

This story was published more than 11 years ago.

Online poker site Absolute Poker is facing more adversity after the Norwegian Tax Authorities (Skatteetaten) claimed 180 millioin Kroner in unpaid taxes from Madeira Fjord, an Absolute Poker shell company.

Madeira Fjord, which was established in 2007 to cycle Absolute Poker's dividends to shareholders, is now bankrupt. The Skatteetaten claim that Absolute Poker ran more than 430 million Kroner through Madeira Fjord, a report by Taxable Talk states.

The article then goes on to claim: "While this could impact Americans seeking refunds of balances on Absolute, it’s more likely that this is symbolic. Madeira Fjord and Absolute are bankrupt, and given the ongoing negotiations with the US Department of Justice its likely (but not certain) that player balances will receive a higher priority than Skatteetaten VAT claim."