Category Taxation in Denmark

Car Tax in Denmark Drops to 100%

August 31, 2017 Taxation in Denmark

Cars in DenmarkCOPENHAGEN – Cars in Denmark are about to become significantly cheaper, with taxes falling to only 100 percent.

On August 29th the government of Denmark announced that the tax rate applied to the sale of cars will soon be slashed, a moved which could lead to a significant drop in the cost of owning a motor vehicle.

Cars sold in Denmark currently face a tax rate of 180 percent.

The high tax rate has resulted in a situation whereby cars sold in Denmark are some of the most expensive in Europe, with marked differences in pricing between Denmark and its nearest neighbours.

The new rate which will be applicable to the sale of cars will be 100 percent.

The government has published the potential future prices of some popular car models, showing that the VW Golf and VW Passat could fall in pric...

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Wealthy Danes Dodge a Third of Their Taxes

June 2, 2017 Taxation in DenmarkTaxation in Norway

Tax Evasion in ScandanaviaCOPENHAGEN – Wealthy taxpayers are much more likely to avoid significant portions of their tax obligations, with the wealthiest people in Scandanvian countries skipping out on nearly a third of the taxes they owe.

Late last month researches from Norway and Denmark published an academic article showing that the propensity to evade personal tax obligations rises steeply with wealth.

The researchers used data made available in the Panama Papers and cross-referenced them with information made publically available by local tax authorities about individual taxpayers, in order to estimate how much tax was evaded by wealthy individuals.

It was found that in Norway, Sweden, and Denmark the richest 0...

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Calls Raised for Tax on Beef

April 28, 2016 Taxation in Denmark

COPENHAGEN – A Danish think tank is claiming that a tax on beef will cut greenhouse gas commissions worldwide.

Earlier this week the Danish Council of Ethics, an independent group established by the national government, called for the implementation of a climate tax on red meats.

The tax is aimed at encouraging reduced consumption of red meat among Danes, in an effort to simultaneously improve the health and diets of taxpayers, while also reducing the impact of beef production on the environment in Denmark and abroad.

It is estimated that the production of one kilogram of beef for consumption requires as much as 43 000 litres of clean water, and, additionally, cattle are directly responsible for the release of as much as 10 percent of greenhouse gas emissions globally.

The proposed tax ...

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Tesla Accused of Tax Dodge in Denmark

November 16, 2015 Taxation in Denmark

COPENHAGEN – Tesla has reportedly registered thousands of cars in Denmark in a concentrated effort to dodge a significant tax hike on the horizon for electric cars.

In a televised broadcast over the weekend the Minister of Tax of Denmark Karsten Lauritzen said that the international electric-car maker Tesla may be trying to intentionally circumvent the effects of a recent cut to the tax breaks offered for the sale of electric cars.

Currently electric cars sold in Denmark are not subject to the same 180 percent levy as other new passenger cars, effectively providing a strong monetary incentive for consumers to buy electric vehicles.

However, the government now intends to extend the levy to all cars, placing electric cars on the same footing as their traditional petrol-powered counterparts...

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High Tax Revenues Reduce Deficit in Denmark

May 2, 2012 Taxation in Denmark

Margrethe Vestager Announced Deficit ImprovementCOPENHAGEN – The Danish government has announced that its budget deficit will not be as severe as projected earlier, primarily due to higher than expected tax collections and due to new efforts to tighten tax compliance amongst Danish businesses.

On April 30th the Danish media announced that the Minister of the Economy Margrethe Vestager revealed that the level of the government’s budget deficit for the 2012 year would be DKK 26 billion less than was previously forecasted at DKK 100.7 billion, adding that “…it’s no cause for celebration, but it does seem to be getting better.”

She also said that the government of Denmark expects to slash its budget deficit further to a level of DKK 35 billion by the end of 2013, reducing the deficit to 1...

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