Baugur and Gaumur Charged with Tax Evasion Skip to content

Baugur and Gaumur Charged with Tax Evasion

Jón Ásgeir Jóhannesson, Kristín Jóhannesdóttir and Tryggvi Jónsson, as representatives of the companies Baugur and Gaumur, have been charged with violations of laws on taxation between 1998 and 2003.

Chairman of Baugur Group Jón Ásgeir Jóhannesson. Copyright: Icelandic Photo Agency.

In the charge, issued yesterday by acting National Commissioner of the Icelandic Police, these three individuals and the companies they represent are accused of having evaded taxes worth ISK hundreds of millions (ISK 100 million = USD 852,000, EUR 582,000), Fréttabladid reports.

Gestur Jónsson, the lawyer representing Jón Ásgeir Jóhannesson, describes this tax evasion charge as a continuation of the so-called Baugur case.

Jónsson stated that it appears as if the prosecution is neither paying attention to the ruling of the Supreme Court on the Baugur case last summer nor the ruling of Reykjavík District Court on Wednesday because of another taxation case.

“The personal taxation matters of the accused as well as the taxation matters of Baugur and Gaumur, who are facing charges, have already received a definitive conclusion from taxation authorities,” Jónsson wrote in a statement.

Click here to read more about the Baugur case.

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