The Danish parliament has adopted a law proposal (L 167) that includes some of the measures agreed on in the package of proposals to combat tax evasion.
The law covers the following measures:
- The control of foreign trusts is improved in order to decrease the possibilities for aggressive tax planning;
- Fairer taxation guaranteed when activities are exercised abroad; and
- An anti-abuse clause for preventing tax avoidance and aggressive tax planning according to international standards is introduced into Danish legislation.
The law entered into force on 1 May 2015. The sections regarding the control of foreign trusts, however, will enter into force on 1 July 2015.
