Fraser Institute News Release: Average Danes pay high taxes to finance Denmark’s large welfare state
Indeed, Denmark has a large welfare state paid for by some of the highest personal income and consumption taxes in the industrialized world.
- Indeed, Denmark has a large welfare state paid for by some of the highest personal income and consumption taxes in the industrialized world.
- groceries) and services, Danes pay a 25 per cent value-added tax (VAT), similar to Canada’s GST, which is the second-highest among high-income countries.
- In other words, it’s not just wealthy Danes who pay the top personal income tax rate.
- “Average Danes pay the price for their large government sector,” said Matthew Mitchell, book co-editor and senior fellow at the Fraser Institute.