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Denmark's PM Seeks 2018 Tax Cuts

by Ulrika Lomas, Tax-News.com, Brussels

08 January 2018


Danish Prime Minister Lars Lokke Rasmussen has said he wants to cut taxes in 2018.

In his recent New Year speech, Rasmussen said that he would prioritize the conclusion of negotiations with coalition partners on a package of tax reforms that would reduce taxes primarily for those on low and middle incomes.

"Therefore, in the new year, the Government will resume negotiations on [tax] reform," he said, adding that "those with the lowest salaries, [and] also Danes with ordinary salaries, will experience an increase in their disposable income."

The main aim of these reforms is to encourage more people into work, in turn making the Danish welfare system more sustainable, Rasmussen said.

At 45.9 percent, Denmark had the highest tax-to-GDP ratio in the OECD in 2016, ahead of France (45.3 percent), and Belgium (44.2 percent), according to the most recent edition of the OECD's Revenue Statistics publication.

TAGS: tax | value added tax (VAT) | Belgium | Denmark | France | tax reform | individual income tax

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