The Danish Parliament has recently passed two bills which are part of the government’s economic growth plan.
The current corporate tax rate is 25% but this will be reduced to 22% by 2016 under the growth plan. The phased-in reduction of the corporate income tax rate is intended to provide a competitive advantage and to attract investment.
To balance the effect of the reduced corporate income tax rate, the payroll tax rates of financial institutions have been increased.
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