News Analysis: The Organisation for Economic Co-operation and Development (OECD) shows Denmark to have its highest overall Marginal Tax Rate of all of its Members at 60%. For 2014, up to 51.7% Taxes can apply to Individuals’ Incomes while Corporations face a 24% Tax Rate.
Presently, Danes are investing their monies outside the Country at almost a treble rate to the Inflow of Foreign Investments.
Unemployment in Denmark is staying at a historically higher level than Government Leaders would desire.
As is the case elsewhere, Unemployment causes Emigration. The better educated and more youthful members of a Country, if unemployed, often choose to leave. In a country with 5.5+ Million Residents of which approximately 30+% are 55 Years of age or older this does not help to cover Social Costs of an Aging Population.
Two things can help Denmark prosper: Younger Residents and Greater Foreign Investments in the Country. For the First Element, a higher birth rate is essential or more Immigration into the country is needed. As to the Second Element, significant lowering of taxes and restrictions easing for Business Operations is essential.
If Denmark’s leaders choose to be steadfast in their Tax and Restrictions Requirements, they will not achieve prosperity for their Aging Population.
There is a ‘Gravitational Pull’ of Wealth and Productive Ideas to those Countries which earnestly understand “The Law of Commercial Incentives”.
Reality.
Reference: http://cphpost.dk/news/foreign-investors-staying-out-of-denmark.8619.html