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The all-record highest Danish tax level was 49.8% of GDP, [87] reached in 2014 because of high extraordinary one-time tax revenues caused by a reorganization of the Danish-funded pension system. The Danish tax-to-GDP-ratio of 42% was the seventh-highest among all OECD countries in 2022, after France, Norway, Austria, Finland, Italy and Belgium ...
According to OECD, Denmark had the highest tax to GDP ratio of all its member countries in 2021 with a ratio of 47,4%. [28] This is partly due to various tax-funded social transfer schemes such as pensions and unemployment benefits also being taxable when received by beneficiaries.
Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue." [3] UNU-WIDER data is more complex, total taxes ...
Denmark’s GDP per capita, at €52,000, is now the highest in Europe behind the financial and fiscal hubs of Luxembourg and Ireland and ahead of neighbors Germany and Sweden. ... Denmark’s top ...
List of countries by tax rates; Tax revenue as % of GDP; Map of the world showing national-level sales tax / VAT rates as of October 2019. ... Denmark [87] 22-25% ...
The tax, expected to be approved by Denmark’s parliament later this year, will amount to 300 krone ($43) per tonne (1.1 ton) of CO2-equivalent emissions from livestock from 2030, rising to 750 ...
A well-designed tax system can minimize efficiency loss and boost economic growth. With better compliance and better support to financial institutions and individual property, the government will be able to collect more tax. Although wealthier countries have higher tax revenue, economic growth does not always translate to higher tax revenue.
The annual real GDP per capita growth in % according to the World Bank is shown for last available year: [1] Country GDP per capita ... Denmark: 1.1: 2023