Taxation in Denmark Essay

2030 Words Nov 10th, 2012 9 Pages
Deloitte International Tax and Business Guides, provides information on Denmark regarding the investment climate, operating conditions and its tax system. If a company’s objective is to expand internationally, and is properly structured, a Denmark holding company can act as a legally tax-exempt conduit for dividends received from subsidiaries around the world (1).

A Denmark holding company is legally exempt from dividends tax received from a foreign subsidiary (1). Denmark levies no withholding tax on dividends paid to the foreign parent. Additionally, a holding company is not required to pay capital gains tax on shares held for more than three years (1). A Denmark company has access to a network of double taxation treaties
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Appendix 1

Deloitte International Tax and Business Guides – Business Taxation section

Appendix 2

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Appendix 3

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Appendix 4

www.indexmundi.com/denmark/economy_profile.html

Denmark Economy Profile 2012

Home > Denmark

Economy - overview

This thoroughly modern market economy features a high-tech agricultural sector, state-of-the-art industry with world-leading firms in pharmaceuticals, maritime shipping and renewable energy, and a high dependence on foreign trade. Denmark is a member of the European Union (EU); Danish legislation and regulations conform to EU standards on almost all issues. Danes enjoy among the highest standards of living in the world and the Danish economy is characterized by extensive government welfare measures and an equitable distribution of income. Denmark is a net exporter of food and energy and enjoys a comfortable balance of payments surplus but depends on imports of raw materials for the manufacturing sector. Within the EU, Denmark is among the strongest supporters of trade liberalization. After a long consumption-driven upswing, Denmark's economy began slowing in 2007 with the end of a housing boom. Housing prices dropped markedly in 2008-09 and, following a short respite in 2010, continued to decline in 2011 though at a slower pace. The global financial crisis has exacerbated this

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