Denmark Pays $900,000 for Panama Papers in Hunt for Tax Cheaters

Denmark received information on Danish citizens from the so-called Panama papers after paying almost 6 million kroner (around $900,000) to an anonymous source, the Danish Tax Authority said in a statement Thursday.

The tax authority announced earlier this month it would purchase the information to assist its hunt for tax dodgers. Recent estimates showed that fraud, coupled with mismanagement at the Tax Authority, would cost Denmark as much as $4 billion in lost revenue.