
SF criticizes tax breaks for the wealthy
SF’s entrepreneurial spokesperson, Sigurd Agersnap, criticizes the government’s new entrepreneurial strategy, arguing that easing the tax on stock income will only make the wealthy richer, not benefiting entrepreneurs. The government’s proposal, which includes tax breaks totalling over 750 million kroner, aims to reduce the tax rate for shareholders to 27% up to 80,000 kroner, increased from the current 61,000 kroner limit. Morten Skov Christiansen, Chairman of the Danish Confederation of Trade Unions (FH), views the strategy as largely unnecessary and primarily a gift to the richest. Lisbeth Bech-Nielsen of SF refers to the Tax Minister’s admission that the easing of stock income taxation will have ‘limited’ impact on entrepreneurs. Despite the EU-election setback for the Social Democratic Party, Business Minister Morten Bødskov insists the tax reductions aim to retain jobs and should not be seen as a tactical response.