Danish regs could have domino effect

Hua, Thao
July 2007
Pensions & Investments;7/9/2007, Vol. 35 Issue 14, p1
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.


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