The Danish government is taking proactive steps to encourage family businesses to remain in the country by reducing taxes and regulations. As part of these efforts, inheritance and gift taxes will be lowered from 15 to 10 percent, while higher rebates for research and development will also be offered. With over 60,000 family businesses providing employment for over 800,000 people, Deputy Prime Minister Troels Lund Poulsen emphasized the importance of preventing these businesses from being acquired by foreign investors during generational changes due to high taxes and existing regulations.
Poulsen specifically praised companies like Lego for their contributions to the economy. In contrast, neighboring Norway recently faced criticism from entrepreneurs after increasing taxes on wealthy families, resulting in some billionaires leaving the country. The Danish government’s efforts to support family businesses aim to maintain a strong domestic economy and keep valuable companies rooted in Denmark. By making it more attractive for companies like Lego to stay in Denmark through lower taxes and regulations, the government hopes to continue its successful strategy of keeping valuable companies within its borders.
