Denmark no longer EU’s number one tax nation as France takes over
The ministry analysis compares Denmark’s overall tax demands with other countries and has concluded that Denmark no longer has the highest tax in the EU. “The unwanted first place we’ve had in relation to high tax has now been passed on to our friends in France,” Danish tax minister Karsten Lauritzen told Børsen. An OECD report last year found Denmark earns more of its income from taxing its population than any other developed country. After increasing for ten consecutive years from 2003-2013, the tax-to-GDP ratio is now beginning to decrease, due to tax reforms implemented by both the previous Social Democrat-led government as well as under current PM Lars Løkke Rasmussen’s leadership. The ministry said it expects a further 0.4 percent reduction in the measure by 2025.
- The Local -