International Courant
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Actual property investor Kai Mikaelsen (52) has constructed up a big fortune within the lodge trade on the Canary Islands. He just lately introduced that he was bored with the tax burden in Norway and was transferring to Lucerne, Switzerland.
Now the tax authorities have sued the 52-year-old for a tax declare of just about eight million kroner. The company has seized Mikaelsen’s accounts, rental properties and his two luxurious vehicles, a Ferrari Portofino and a Bentley Bentayga for the declare of 1 million. Mikaelsen says the Bentley was a present to his spouse on her fortieth birthday, however was saved with him due to insurance coverage.
– It’s not nice to have to elucidate such bills to the lady, says Mikaelsen.
Has poor liquidity
The 52-year-old says that he has been attempting to speak to the Swedish Tax Authorities because the starting of September this yr about what he can pay in taxes this yr.
The article continues under the commercial– I’ve despatched the tax authorities a cost plan detailing how I’d resolve this tax declare. I additionally despatched a proof wherein I wrote that I had poor liquidity, however that I had offered a variety of actual property for which I shall be paid on the finish of this yr, says Mikaelsen.
He responds to the truth that he has not obtained a solution to his questions.
– The truth that they’re now confiscating my belongings appears inconvenient to me and results in a variety of additional work for me. It’s uncomfortable in the event you attempt to have a dialogue with the tax authorities in regards to the cost plan. We’ve tried dozens of instances to get in contact with case managers, says Mikaelsen.
– It is uncomfortable for you
He thinks it’s fully improper for the Tax Authorities to make it tougher for individuals to pay their taxes.
– It is awkward as a result of now I’ve to name the banks and inform them what is going on on. I’ve the sensation that I’ve good management and overview and that the answer is prepared, however I solely get silence from the Tax Authorities. Then the tax collector solely makes issues worse for the individual from whom the tax is withheld, Mikaelsen believes.
The 52-year-old says he has obtained recommendation from each a tax lawyer and an accountant who’ve advised him to not pay wealth tax as a result of that may change since I moved to Switzerland.
– I attempted to set the wealth tax to zero, then I wrote a press release for that, however they did not take that into consideration, he says.
He additionally factors out that he has paid virtually 2.5 million kroner in taxes this yr, which is according to the reimbursement plan he despatched to the tax authorities. He refers to his tax professional who says it’s improper that he has to pay the wealth tax.
The article continues under the commercial– So I simply need to set that to zero after which we get a denial from the Norwegian tax authorities. Then this course of begins right here with requesting a cost plan. I’ve adopted the plan to the letter, and I believe there isn’t a purpose why they need to not settle for that plan, Mikaelsen says.
Kai Mikaelsen owns and operates a lodge enterprise within the Canary Islands (Picture: Linda Helen Næsfeldt)The fortunes have shrunk
Mikaelsen himself paid a tax of NOK 11.2 million final yr. Final yr he had a taxable fortune of just about NOK 392 million and an revenue of NOK 19.7 million.
Mikaelsen at the moment owns and operates 24 resorts within the Canary Islands, three in Bucharest in Romania and one in Gjøvik. He owns about 40 p.c of the operations in Spain, whereas actual property investor Ivar Tollefsen owns half via Fredensborg Fritid.
The 52-year-old says his fortune has been decimated from round NOK 800 million to round NOK 350 million, because of the corona and the issues it has precipitated for his lodge enterprise.
– Because of this, I’ve had virtually no revenue lately, says Mikaelsen.
The 52-year-old says he has offered flats for NOK 150 million, which is able to internet about NOK 60 million after deducting debt. He thought he would obtain a settlement in August, however miscalculated and can now solely obtain a settlement in December.
– I additionally defined this to the Swedish tax authorities, says Mikaelsen.
Mikaelsen considers himself an excellent buyer of the Tax Authorities and factors out that he has paid tens of hundreds of thousands of kroner in taxes in quite a few years.
– And though I moved to Switzerland, I shall be an excellent buyer as a result of I nonetheless need to pay taxes once I obtain dividends to reside, says Mikaelsen.
Pawned his spouse’s pockets
Mikaelsen now says that the Spanish lodge trade is doing very properly after they just lately opened the Puerto Azul lodge in Gran Canaria. The lodge value properly over a billion crowns. The enlargement and renovation had a price ticket of NOK 600 million and the mission resulted in a value distinction of roughly NOK 200 million.
– It has been an actual purgatory and I’ve pawned each my spouse’s pockets and the children’ affirmation cash and put it into this lodge mission right here. We at the moment are open and it’s virtually absolutely booked from December 1 to Easter. Gran Canaria now has a strain on resorts prefer it has by no means had earlier than, says Mikaelsen.
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Mikaelsen and the corporate he leads have roughly 1,000 workers and a debt of greater than 100 million euros.
– Taxes are severe and the Tax Authorities ought to have ample individuals to answer questions they obtain. These are giant quantities for each the Tax Authorities and me, says the 52-year-old.
DN has been in touch with the Swedish Tax Authorities about Mikaelsen’s criticism, however has not but obtained a response.(Circumstances)Copyright Dagens Næringsliv AS and/or our suppliers. We want you to share our instances by way of hyperlinks that lead on to our pages. Copying or different use of all or a part of the contents might solely be made with written permission or as permitted by regulation. For additional circumstances see right here.
Money-strapped Swiss expat charged by Swedish tax authorities has had his two luxurious vehicles seized
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