Denmark to Make Banks, the Rich Fund Its Early Retirement Plan
Pedestrians walk along a pedestrianized shopping street in Copenhagen.
Photographer: Carsten Snejbjerg/BloombergThis article is for subscribers only.
Denmark’s Social Democrat-led government drew the ire of the country’s financial industry by unveiling 3 billion kroner ($480 million) worth of additional taxes to fund early retirement for certain categories of workers.
The government’s plan includes a targeted corporate tax on banks and pension funds and higher levies for the most wealthy investors on their stock market returns, Prime Minister Mette Frederiksen told reporters Tuesday.