The English Article:
The government presents tax cuts exceeding one billion Danish kroner
The government has on Thursday presented tax cuts as part of a larger business initiative, marking the second week in a row of economic initiatives from the three government parties: The Social Democrats, The Liberals (Venstre), and The Moderates (Moderaterne). This new measure follows last week’s entrepreneur initiative.
The Minister of Taxation, Jeppe Bruus (Social Democrats), acknowledges that these tax cuts would not have been presented if the Social Democrats had been in power alone, as was the case during the previous government. “Have we brought it to the table? We have not. Can we stand by the agreement we have made? Yes, we can,” says Jeppe Bruus. He emphasizes that the tax cuts are the result of a compromise between the government parties, agreed upon a year and a half ago and included in the government platform in December 2022.
The Minister of Business, Morten Bødskov (Social Democrats), reiterates that the tax cuts represent a compromise that will help promote Denmark’s economy. “It is a good compromise that means we move Denmark forward. It is no secret that it was not at the top of the Social Democrats’ agenda,” says Morten Bødskov.
The press conference also included the Minister of Defense, Troels Lund Poulsen (The Liberals), and the Minister of Foreign Affairs, Lars Løkke Rasmussen (The Moderates). Lars Løkke Rasmussen criticized the one-sided focus on who brought the proposals to the table and urged the government parties to take joint ownership of the political results. “It doesn’t matter who brings it to the table. What matters is whether we take responsibility for sitting around it together,” says Lars Løkke Rasmussen.
When asked if there is a risk of losing ideological sharpness by being in a multi-party government, Lars Løkke Rasmussen responds that balance is key in life. He believes that voters can still see the difference between The Liberals, The Social Democrats, and The Moderates, even though the parties work together.
Among the proposed initiatives is a reduction in the inheritance and gift tax, also known as generational shift tax, from 15 percent to 10 percent when a business is transferred to a family member.