Home
 
 
Danish Personal Tax Policy is Uncompetitive
 

Operating in the highest taxed country in the world just doesn’t make good business sense.

Denmark has lost the equivalent of 30,000 highly educated workers due to the record high Danish income tax. – Confederation of Danish Industries (January 2008)

Globalization is forcing nations to play a greater role in enhancing their global attractiveness. Incentive policies designed to attract foreign investment, skilled labor and research experts, as well as rewarding higher education degree completion, are crucial to strengthening competitive advantage.

In this regard, Denmark’s high tax rate has contributed to the reduction in the supply of highly skilled and educated human capital. In a Confederation of Danish Industries’ publication – “Global Benchmark Report 2009” – from April 2009, Denmark ranked 24nd when compared against 29 OECD countries as an attractive destination for foreign highly skilled labor.

At a time when companies are having difficulties filling essential positions and the war for talent has gone global, Denmark does not offer a competitive environment. Looking inward, Denmark’s tax policy hinders the incentive to work, acquire skills and complete a higher education.

AmCham Denmark believes that to ensure the supply of needed human capital in the long term, Denmark must set down a plan with clear steps to reduce the marginal tax rate, value added tax and other taxes on goods and services.

Related News
AmCham Survey Warns Investments and Jobs at Risk
Tax and Talent a Challenge for Foreign Companies
Minister for Taxation Joins AmCham Roundtable

06 Iceland air07 DXC Technology03 Copenhagen Marriott08 Lockheed Martin04 MSD10 Riskpoint12 Roche01 Siteimprove09 Bristol-Myers Squibb11 Manpower DK05 Crowne Plaza02 Bayer
AmCham Denmark · Dag Hammarskjölds Allé 13, 3 · 2100 Copenhagen Ø · Denmark · Phone (+45) 33 932 932 · E-mail: mail@amcham.dk · CVR: 24992314
Copyright© 2010 AmCham Denmark · All Rights Reserved