Growth bill clears first hurdle

Government and opposition parties reach agreement on the first half of growth and jobs package; cheaper beer and faster internet among the highlights

Apr 22, 2013

An agreement was reached last night on the first part of the government's growth and jobs bill.

The deal was brokered between the government and opposition parties Venstre, Dansk Folkeparti, Liberal Alliance and Konservative.

Among the highlights is a deal to lower taxes on beer and soft drinks in an effort to cut down on the number of Danes who go south of the border to Germany for cheaper drinks. The tax relief amounts to nearly 800 million kroner.

Agreement was also reached on restoring and expanding a tax deduction of up to 15,000 kroner for home improvements. The deal will also see a decrease in hotel taxes for businesses, a tax credit for businesses that invest in research and development, and the implementation of broadband internet on the island of Bornholm, among other initiatives.

"We have an agreement on the first half of the government's growth plan," the finance minister, Bjarne Cordyon (Socialdemokraterne), said. "It's an agreement for a combined 17 billion kroner over the coming years."

The Copenhagen Post will have more details on the growth and jobs bill later today.

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