Denmark’s massive restructuring of its income tax system must be paid for, it seems, by smokers and those with unhealthy diets, under the Danish government's new fiscal reform plans, revealed this week.
Although the Danish government’s income tax reform, announced at the beginning of the month, will result in a deficit in the short-term in order to stimulate the economy, the government plans to generate additional revenues through increasing taxation on unhealthy lifestyles, and raising taxation to sustainable levels after the worst of the global economic crisis subsides.
Under the government's proposals, pollution, cigarettes and unhealthy food will be subject to higher taxation, expected to generate the government DKK1.45bn (USD250m) in annual revenues.
Cigarettes will be subject to DKK3 extra per 20 cigarettes, whilst rolled tobacco will be subject to an increase of DKK120 per kilogram. The tax rates for unhealthy foods have yet to be announced.
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