Tax cuts attract highly skilled workers

The special tax break offered to highly skilled foreigners working in Denmark is a success, according to a report to be published in The Quarterly Journal of Economics and supported by tax data and the experience of businesses. According to Skat, the national tax agency, the number of highly skilled foreigners qualifying for the tax cut rose 23 percent in 2012, to 4,703. Without the tax cut, Skat calculates that there would only be half as many such individuals. Dansk Erhverv, a business lobby, proposes reducing the minimum qualifying salary from the current 63,900 kroner a month. – Børsen