Orsted Wins UK Tax Ruling on Wind Farms
An advisory commission ruled that Orsted wind farms in Britain should be taxed in the UK. The decision resolves a long-standing double taxation dispute involving Danish authorities.
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Orsted won a tax dispute on Friday after an advisory commission ruled its British wind farms should be taxed in the United Kingdom, saving the developer from billions in double taxation. The dispute began in 2015 when Denmark and British tax authorities failed to resolve overlapping claims from the Walney Extension and Hornsea 1 projects. The decision resolves a 6.6 billion Danish crown ($1.03 billion) tax and interest claim brought by Danish authorities in 2020.
