BRUSSELS CHALLENGES DENMARK EXIT TAX
January 1st, 2013THE EUROPEAN Commission has demanded Denmark scrap an exit tax levied on shares held by individuals leaving the country to live in another European Union (EU) member state. These are collected upon dividends or sales proceeds of such shares. Brussels argues these rules go too far in preventing tax evasion and breach the rights of EU citizens to live where they like within the EU, taking their wealth with them.
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