Denmark Approves Deduction Restriction and Increased Dividend Taxation for Payments to Non-Cooperative Jurisdictions

The Danish Ministry of Taxation has issued a release announcing that parliament has approved Bill L 150, which provides for the introduction of new anti-avoidance rules (defensive measures) based on the EU list of non-cooperative jurisdictions. This includes:

• A restriction on the deduction of payments made to:
  • an associated person that is resident or registered in a jurisdiction listed by the EU as non-cooperative; or
  • a person that is not the beneficial owner and the payment is passed on t…