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UPDATE 1-Shares in Denmark's Orsted drop after $1.1 bln tax claim on UK wind farms


By Reuters Staff
(Adds CFO comment, more analyst comment)
COPENHAGEN, Dec 2 (Reuters) - Shares in energy group Orsted fell more than 4% on Wednesday after the Danish authorities claimed 6.6 billion Danish crowns ($1.07 billion) in taxes relating to the development of two British wind farms.
The claim relates to British offshore wind farms Walney Extension and Hornsea 1 in the tax years 2015 and 2016 could set a “dangerous precedent”, analysts said.
Orsted said late on Tuesday the Danish Tax Authority had claimed of 5.1 billion crowns plus interest totalling 1.5 billion crowns to account for the full future value of the two wind farms even though they were developed, owned, and operated by British subsidiaries and are already taxed in the UK. ....

East Riding Of Yorkshire , United Kingdom , David Evans , Edmund Blair , Marianne Wiinholt , Jacob Gronholt Pedersen , Thomson Reuters Trust Principles , Danish Tax Agency , Danish Tax Authority , Walney Extension , Financial Officer Marianne Wiinholt , Thomson Reuters Trust , கிழக்கு சவாரி ஆஃப் யார்க்ஷயர் , ஒன்றுபட்டது கிஂக்டம் , டேவிட் எவன்ஸ் , எட்மண்ட் பிளேயர் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , டேனிஷ் வரி அதிகாரம் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,