Draft Bill Submitted in Danish Parliament for Deduction Restriction and Increased Dividend Taxation for Payments to Non-Cooperative Jurisdictions

The Danish government has submitted in parliament draft bill L 150, which provides for the introduction of new anti-avoidance rules (defensive measures) based on the EU list of non-cooperative jurisdictions. The draft bill is in line with the draft consulted on earlier and 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…