Billions in Losses Trigger Danish Overhaul of Taxation Model

Denmark unveiled a thorough overhaul of its taxation model following a string of scandals that led to as much as 26.3 billion kroner ($4 billion) in losses in what the minister presenting the changes described as a decade of problems.

Tax Minister Karsten Lauritzen fired the department’s top director, Jesper Roennow Simonsen, and promised about 7 billion kroner in additional spending to improve Denmark’s revenue collection. The plan also entails hiring about 2,000 more employees.