High earners benefit most from Danish tax plan: thinktank Cepos

NordenBladet – Taxpayers in Denmark who earn over 600,000 kroner (81,000 euros) annually will benefit most from three major agreements made between the government and conservative allies in recent months, according to an analysis.

The conclusion is based on calculations by thinktanks Cepos, reports financial newspaper Børsen. Since November, the coalition government has reached agreement with parliamentary ally the Danish People’s Party for a business stimulus package, new budget and, most recently, tax reforms. The three deals provide tax cuts totalling around eight billion kroner (1.1 billion euros). According to Cepos’ calculations, a company director who earns 1.2 million kroner (160,000 euros) annually will benefit most from the three economic packages in terms of raw savings. The hypothetical director would save 10,625 kroner annually, while an employee with an annual wage of 600,000 kroner (80,000 euros) could see tax savings of 9,550 kroner.

Lower earners will also save, but to smaller extents, according to the analysis conducted by Cepos.

Source: thelocal.dk