Tax revenue from stock rrading soars in Denmark

Denmark’s state tax revenues from stock trading have risen significantly, reaching 57 billion Danish kroner in 2023, a 55% increase since 2019 according to the Tax Administration. Ulrick Junge, the deputy director of the Tax Administration, attributes this growth to Danes becoming more active in the stock market. From 2022 to 2023, the tax revenue from stock trading alone increased by nearly five billion kroner. Overall, the state’s total personal tax revenue, which includes income tax and labor market contributions, was 707 billion kroner last year. The rise in tax revenue reflects upward trends in employment and wages, helping finance over half of the country’s welfare infrastructure. The Tax Administration underlines its commitment to ensuring citizens pay the correct taxes, with the announcement coming just before 5.4 million citizens can access their preliminary tax assessments.