Ørsted's tax case could take ten years

The utility still doesn't know whether other offshore wind farms will be added the Danish Tax Agency's billion-kroner tax claim, but the group is not concerned about future projects and says the agency doesn't understand the company's business. The case could end up in the Danish supreme court, says BDO chief consultant.

Ørsted's "Love your home" slogan doesn't necessarily mean it will always pay corporate taxes in its home country, the utility says few days after favorably concluding a legal dispute on its name in the Danish supreme court, now hoping to pull off a similar triumph against the country's tax agency. Photo: Martin Lehmann/Politiken

Tuesday evening, Ørsted's stock exchange notice on the Danish Tax Agency's claim of DKK 6.6 billion (EUR 890 million) struck like a bolt of lightning from a clear sky.

Well now, it's not that the utility isn't used to unpleasant electrical storms.

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