TITLE

Danish regs could have domino effect

AUTHOR(S)
Hua, Thao
PUB. DATE
July 2007
SOURCE
Pensions & Investments;7/9/2007, Vol. 35 Issue 14, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the new tax regulations imposed on private equity firms in Denmark. The regulation have become effective from July 1, 2007, and reduce the amount that interest expenses can be offset against profits. According to the regulations, the amount of corporate tax-deductible interest to a maximum of 20 million Danish kroner per company, provided other provisions are met. The new law is reported to be retroactive, and expected to affect previous private equity transactions.
ACCESSION #
25801668

 

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