CEO of Kaupthing Bank pays highest tax Skip to content

CEO of Kaupthing Bank pays highest tax

The office of Inland Revenue for Reykjavik Iceland has announced that Hreiðar Már Sigurdsson, CEO of Kaupthing, will pay the highest tax in Iceland this year, ISK 400 million (USD 6.53 million). Hannes Smárason, CEO of FL Group, will have to pay ISK 377 million (USD 6.15 million) and the investment mogul Ingunn Wernersdóttir ISK 290 million (USD 4.73 million).<?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” />

The Internal Revenue of Iceland announced yesterday that the total amount that 253,911 Icelanders paid in income tax and council tax for the year 2006 was ISK 185 billion (USD 3.02 billion) and tax on capital income was ISK 16,3 billion (USD 270 million). The latter amount is 33 percent higher than it was the previous year.

The number of taxpayers has increased by five percent since 2006, more than the annual population growth. Tax authorities point to increasing number of immigrants to explain this discrepancy.

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