The Myth of Scandinavian Socialism.

[Racsoviale]

by the The Institute for International and European Affairs

Denmark is a real cooperate heaven it seems.

I suspect this is due to our recent right-wing government who worked very hard to make Denmark become more lucrative to foreign investors as well as making it easier to open up a new business - people have expensive cars, mobile phones and so on based on the fact they can file it part of their business and get a huge tax return. Heck I could even file my bass and amp as part of my business/band and get it deducted from my taxes - one of my friends even deducted his bar and cab bills after a Friday night of heavy drinking on his taxes, calling it "networking"

Also AP Møller usually make a comfy phonecall to a newly elected government explaining them the amount of taxes the danish state would lose if they would raise corporate taxes too much, thereby forcing them to relocate their corporate headquarters to, say the USA.

 

[innonimatu]

World record currently held by Estonia with 18 minutes and 3,05 seconds.
/useless fact to make us feel better in this frozen wasteland

Bah... I've seen a new "one hour company registration" scheme being proclaimed a big boost for the economy here in Portugal... turned out that it has been used mostly to create shell companies to to around legal limitations such as having to participate in public tenders to sell more that xx€ each year to state services.

Don't know what is worse: if the corruption which may always happen to some degree when supplies are bought though direct deals, if the anti-corruption rules which limit the bidding so much that state services get ridiculously overcharged by the oligopolies authorized to participate...

 

[Masada]

It created wealth, that's all that mattes

 

[Yoda Power]

Uh, I don't remember the exact things we industrialized; I merely know of the general tendencies of urbanization and industrialization, following the agricultural reforms in the 18th-19th century.

I have absolutely no idea how Denmark could ever manage an industry as we have so little natural resources.

Currently, most of the raw goods produced in Denmark are food products. But we've had our share of producing specialized parts of machines - today being windmills.

Perhaps clothing was something one could produce in a factory?

It just hit me how little I know about industrial age economy in general.

Textile production in Jutland. Herning was basicly founded for the purpose. Shipbuilding in Copenhagen (huge industry, but died out, see B&W). Also agriculture and processing of food played a major role for the industrilization of Denmark.

I suspect this is due to our recent right-wing government who worked very hard to make Denmark become more lucrative to foreign investors as well as making it easier to open up a new business - people have expensive cars, mobile phones and so on based on the fact they can file it part of their business and get a huge tax return. Heck I could even file my bass and amp as part of my business/band and get it deducted from my taxes - one of my friends even deducted his bar and cab bills after a Friday night of heavy drinking on his taxes, calling it "networking"

Also AP Møller usually make a comfy phonecall to a newly elected government explaining them the amount of taxes the danish state would lose if they would raise corporate taxes too much, thereby forcing them to relocate their corporate headquarters to, say the USA.

Actually low business tax was introduced by Soc.dem Nyrup Rasmussen in the beginning of the 1990'ties as part of his and Lykketofts/Jelveds kick-start of the Danish economy.

 

[dutchfire]

by the The Institute for International and European Affairs
http://trueeconomics.blogspot.de/2011/06/20062011-europes-corporate-tax-rates.html

Denmark is a real cooperate heaven it seems.

Well, for example in the Netherlands the tax rate depends heavily on the type of company. For many holder-companies etc., the tax rate is very low. In fact, I believe the US government considers labelling the Netherlands as a tax haven, with the likes of the Cayman Islands and Bermuda...

 

[Tahuti]

Well, for example in the Netherlands the tax rate depends heavily on the type of company. For many holder-companies etc., the tax rate is very low. In fact, I believe the US government considers labelling the Netherlands as a tax haven, with the likes of the Cayman Islands and Bermuda...

Dutch capital gains taxes are very low indeed, but AFAIK, holding companies pay corporate income taxes as any corporation does, and quite a few countries have no capital gains taxes at all, including Hong Kong.

Also, the U.S. government stopped calling the Netherlands a tax paradise after protests from the Dutch government. And besides, many countries have way lower corporate income taxes than the Netherlands has.