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Taxation In Denmark
Taxation in Denmark consists of a comprehensive system of direct and indirect taxes. Ever since the income tax was introduced in Denmark via a fundamental tax reform in 1903, it has been a fundamental pillar in the Danish tax system. Today various personal and corporate income taxes yield around two thirds of the total Danish tax revenues, indirect taxes being responsible for the last third. The state personal income tax is a progressive tax while the municipal income tax is a proportional tax above a certain income level. History Overview The types and levels of taxation in Denmark have changed dramatically since the state's inception. In the sixteenth century, Denmark primarily obtained state income through taxes excised on feudal Demesne lands and the Sound Dues, which required foreign ships to pay a toll when passing through the Øresund bordering Denmark. In fact, the Dues comprised two-thirds of Denmark's tax revenue throughout the sixteenth and seventeenth centurie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denmark
) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption = , subdivision_type = Sovereign state , subdivision_name = Danish Realm, Kingdom of Denmark , established_title = History of Denmark#Middle ages, Consolidation , established_date = 8th century , established_title2 = Christianization , established_date2 = 965 , established_title3 = , established_date3 = 5 June 1849 , established_title4 = Faroese home rule , established_date4 = 24 March 1948 , established_title5 = European Economic Community, EEC 1973 enlargement of the European Communities, accession , established_date5 = 1 January 1973 , established_title6 = Greenlandic home rule , established_date6 = 1 May 1979 , official_languages = Danish language, Danish , languages_type = Regional languages , languages_sub = yes , languages = German language, GermanGerman is recognised as a protected minority language in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Happiness Report
The World Happiness Report is a publication that contains articles and rankings of Gross National Happiness, national happiness, based on respondent ratings of their own lives, which the report also correlates with various Quality of life, (quality of) life factors. As of March 2022, Finland had been ranked the happiest country in the world five times in a row. The report is a publication of the Sustainable Development Solutions Network, a global initiative of the United Nations. The report primarily uses data from the Gallup (company)#Gallup World Poll, Gallup World Poll. Each annual report is available to the public to download on the World Happiness Report website. The Editors of the 2020 report are John F. Helliwell, Richard Layard, Jeffrey D. Sachs, and Jan-Emmanuel De Neve. Associate Editors are Lara Aknin, Shun Wang, and Haifang Huang. History In July 2011, the UN General Assembly adopted resolution 65/309 ''Happiness: Towards a Holistic Definition of Development'' inviting ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Evasion
Tax evasion is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income, profits or gains than the amounts actually earned, overstating deductions, using bribes against authorities in countries with high corruption rates and hiding money in secret locations. Tax evasion is an activity commonly associated with the informal economy. One measure of the extent of tax evasion (the "tax gap") is the amount of unreported income, which is the difference between the amount of income that should be reported to the tax authorities and the actual amount reported. In contrast, tax avoidance is the legal use of tax laws to reduce one's tax burden. Both tax evasion and tax avoidance can be viewed as forms of tax noncompliance, as they desc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henrik Kleven
Henrik Jacobsen Kleven (born 28 April 1971) is a Danish economist who is currently a professor of economics and public affairs at Princeton University. He is also co-editor of the '' American Economic Review''. His research lies inside the domain of public economics and inequality, in particular questions about tax policy and welfare programs. He combines economic theory and empirical evidence to show ways of designing more effective public policies. His work has had policy impact in both developed and developing countries. Career Kleven obtained his M.Sc. in economics from the University of Copenhagen in 2001 and received his Ph.D. in economics from the same institution in 2003. His thesis adviser was Professor Peter Birch Sørensen, and the title of his thesis was ''Taxation, Time Allocation, and Economic Efficiency''. Following his Ph.D., he worked first as an assistant professor and then as an associate professor at University of Copenhagen before moving to the London S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Princeton University
Princeton University is a private university, private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial Colleges, fourth-oldest institution of higher education in the United States and one of the nine colonial colleges chartered before the American Revolution. It is one of the highest-ranked universities in the world. The institution moved to Newark, New Jersey, Newark in 1747, and then to the current site nine years later. It officially became a university in 1896 and was subsequently renamed Princeton University. It is a member of the Ivy League. The university is governed by the Trustees of Princeton University and has an endowment of $37.7 billion, the largest List of colleges and universities in the United States by endowment, endowment per student in the United States. Princeton provides undergraduate education, undergraduate and graduate education, graduate in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Value Tax
A land value tax (LVT) is a levy on the value of land (economics), land without regard to buildings, personal property and other land improvement, improvements. It is also known as a location value tax, a point valuation tax, a site valuation tax, split rate tax, or a site-value rating. Land value taxes are generally favored by economists as they do not cause economic efficiency, economic inefficiency, and reduce economic inequality, inequality. A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income. The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century. Economists since Adam Smith and David Ricardo have advocated this tax because it does not hurt economic activity or discourage or subsidize development. LVT is associated with Henry George, whose ideology became known as Georgism. George ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Directive (European Union)
A directive is a legal act of the European Union that requires member states to achieve a particular result without dictating the means of achieving that result. Directives first have to be enacted into national law by member states before their laws are ruling on individuals residing in their countries. Directives normally leave member states with a certain amount of leeway as to the exact rules to be adopted. Directives can be adopted by means of a variety of legislative procedures depending on their subject matter. The text of a draft directive (if subject to the co-decision process, as contentious matters usually are) is prepared by the Commission after consultation with its own and national experts. The draft is presented to the Parliament and the Council—composed of relevant ministers of member governments, initially for evaluation and comment and then subsequently for approval or rejection. Justification There are justifications for using a directive rather than a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Added Tax
A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. It is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the person who ultimately bears the burden of the tax is not necessarily the same person as the one who pays the tax to the tax authorities. Not all localities require VAT to be charged, and exports are often exempt. VAT is usually implemented as a destination-based tax, where the tax rate is based on the location of the consumer and applied to the sales price. The terms VAT, GST, and the more general consumption tax are sometimes used interchangeably. VAT raises about a fifth of total tax revenues bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Folketinget
The Folketing ( da, Folketinget, ; ), also known as the Parliament of Denmark or the Danish Parliament in English, is the unicameral national legislature (parliament) of the Kingdom of Denmark—Denmark proper together with the Faroe Islands and Greenland. Established in 1849, until 1953 the Folketing was the lower house of a bicameral parliament, called the Rigsdag; the upper house was Landstinget. It meets in Christiansborg Palace, on the islet of Slotsholmen in central Copenhagen. The Folketing passes all laws, approves the cabinet, and supervises the work of the government. It is also responsible for adopting the state's budgets and approving the state's accounts. As set out in the Constitution of Denmark, the Folketing shares power with the reigning monarch. In practice, however, the monarch's role is limited to signing laws passed by the legislature; this must be done within 30 days of adoption. The Folketing consists of 179 MPs; including two from Greenland and two fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Imputed Rent
Imputed rent is the rental price an individual would pay for an asset they own. The concept applies to any capital good, but it is most commonly used in housing markets to measure the rent homeowners would pay for a housing unit equivalent to the one they own. Imputing housing rent is necessary to measure economic activity in national accounts. Because asset owners do not pay rent, owners' imputed rent must be measured indirectly. Imputed housing rent is the economic theory of imputation applied to real estate: that the value is more a matter of what the buyer is willing to pay than the cost the seller incurs to create it. In this case, market rents are used to estimate the value to the property owner. Thus, imputed rent offers a way to compare homeowners' and tenants' economic decisions. More formally, in owner-occupancy, the landlord–tenant relationship is short-circuited. Consider a model: two people, A and B, each of whom owns property. If A lives in B's property, and B li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statistics Denmark
Statistics Denmark ( da, Danmarks Statistik) is a Danish governmental organization under the Ministry of the Interior and Housing and which reports to the Minister of Economic and Internal Affairs. The organization is responsible for creating statistics on the Danish society, for example employment statistics, trade balance, and demographics. Statistics Denmark makes large use of public registers in the statistical production. Population censuses have been produced entirely from registers since 1981. StatBank is a large statistical database maintained by the central authority of statistics in Denmark. Online distribution of statistics has been a part of the dissemination strategy in Denmark since 1985. It is updated every day at 9.00 am (CET) and contains all new statistics. The statistics can be presented as cross-tables, diagrams or maps. The output can be transferred to other programs for further compilation. There is also a Danish version. History Statistics in Denmark ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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