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Denmark May Reduce Electricity Tax 'Significantly'

by Ulrika Lomas, Tax-News.com, Brussels

24 April 2018


Danish Tax Minister Karsten Lauritzen has suggested that the Government should reduce the level of tax on electricity consumption, which is currently the highest in Europe.

According to the Tax Ministry, approximately 40 percent of a household electricity bill is tax, and these revenues have enabled Denmmark to subsidize the development of renewable energy.

However, with more than 50 percent of Denmark's energy now coming from renewable sources, there is no need for the tax on electricity to remain at such a high level, says a recent ministry analysis.

"We can see that the high electricity tax no longer supports the green change, and at the same time it is both expensive to consumers and a burden on the economy," said Lauritzen. "Therefore, it is only sensible to lower the tax significantly."

Lauritzen suggested that revenues lost from an electricity tax cut would be offset because economic growth would increase the overall tax take.

TAGS: environment | tax | Denmark | energy | Europe | Tax

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