Nordea Bank Luxembourg must feature top of the list in this imaginary list of indecent foreign banks that once operated, and still do, in Spain. From a tiny office in Marbella, Centro Plaza, they have scammed untold numbers of otherwise happy British (and probably many fellow-nationals) property owners.
This booklet will soon be studied by investigators in tax evasion criminality, scholars and Universities of all over Europe. Across the Atlantic, the US Attorney’s Office in Manhattan is being sent a full dossier of the incriminating paperwork for their consideration, as it appears that Nordea Bank Luxembourg also felt the need to cheat the US Internal Revenue Service.
Rothschild and Landsbanki have packed up, knowing the extent of the damage.
Judicial action will soon catch up with these banks.
Hi Sarah. Just picked up your comment on a previous post. The one referring to equity release products and Unit Linked Life Assurance policies, where it does not matter if the beneficiary is a Spanish Tax residen or not, Inheritance Tax has to be paid in Spain. We would be grateful if you could find out which bank was involved and send us a private note. The reason we are asking is that yesterday we had a long and positive meeting with our lawyer Antonio Flores of Lawbird Legal Services Marbella. One would imagine by now that, some one involved in Equity Release where Life Insurance policies were a part of the scheme have passed away. It had crossed our mind, if in fact this was the case, how this was reported to the Spanish Authoriities ( Spanish Non – Resident Tax Department in Madrid) In other words were the Tax Authorities told that the “simulated” mortgage had an Insurance benefit. During our conference we did instruct our lawyers to send a dossier to the Tax Authority, to examine their records to ascertain how many Non Resident Tax Payers were involved and which foreign banks, including Nordea Bank SA, Danske Bank SA, Landsbanki SA (All operating out of Luxembourg) had issued mortgages and had been informed that Unit Linked Life Assurance Policies/ Life Insurance Policies were an integral part of the mortgage loan. The dossier is almost complete and will be ready for submission within the next couple of weeks. So Sarah, we appreciate any further information as soon as possible, as we woulod like to include it in our brief.
I am still on line and have picked up your message. I will sign off now and find out the information for you. I will contact you via a private message. Just a quick thought. I like the way you are thinking and approaching these problems.
Great, thanks sarah we await, with bated breath for the name of the mortgage provider involved.