Death tax bad for businesses, owners say

Sep 12, 2013

The owners of eleven of the country’s most prominent family-run businesses say the current inheritance tax could cost as many as 10,000 jobs when it comes time for them to hand over the reins to the next generation.

Current inheritance tax laws require businesses to pay 15 percent of the company’s value when it changes hands from one family member to another, and that could in some cases amount to as much as 76 percent of the firms’ capital.

Berlingske

This story was included in The Copenhagen Post's Morning Briefing for Thursday, September 12. If you would like to receive stories like these delivered to your inbox by 8am each weekday, sign up for our Morning Briefing newsletter today.

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