DENMARK: EXCISES LIKELY TO BE REDUCED
Article Abstract:
The Danish Taxation Minister Ole Stavad is willing to reduce excises on cigarettes and spirits in order to prevent increasing border trade. According to estimates by the Ministry, the price of a packet of cigarettes should be reduced to DKr 25 in 2004 from the present DKr 31, and the price of an ordinary bottle of spirits to DKr 119 from DKr 161. This means the Government theoretically will lose revenues totaling DKr 1.6bn (USD 0.23bn), but if the excises are not reduced, increased border trade is expected to generate a DKr 1.9bn reduction in Government revenues. The estimates are based on the fact that the so-called 24 hour rule will be abolished in 2004.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 1999
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DENMARK: DECLINE IN SALES OF PASSENGER CARS
Article Abstract:
In the period January-November 1999, sales of passenger cars decreased by 12.9% in Denmark, according to the importer organization De Danske Bilimportorer. In November alone, the decline was 14.3% to 10,104 cars. 31% of the November sales were attributed to small car models; this is a considerable increase compared with 1998.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 1999
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