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New Danish government to cut corporate tax

Four-party coalition led by Mette Frederiksen will also eliminate income tax bands for highest earners

Denmark’s new government will cut corporate and income taxes and is keeping on former prime minister Lars Løkke Rasmussen to lead negotiations with the US over Greenland.

Mette Frederiksen secured a third term as Danish prime minister this week by pulling together a four-party coalition of leftwing parties and Rasmussen’s centrist group.

The new government will cut Denmark’s corporate tax rate from 22 per cent — the joint highest in the Nordics — by 3 percentage points in the next three years, and eliminate income tax bands for the highest earners.

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