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August 22, 2007 Wednesday Sha’aban 8, 1428





Income tax


COPENHAGEN, Aug 21: Denmark’s Liberal-Conservative government on Tuesday unveiled plans to cut income taxes as of 2008, improve the national welfare system and improve quality in the public sector.

The initiative called for 10 billion kroner ($1.81bn) in annual tax cuts to boost Danes’ incentive to work amid a labour shortage.

Unemployment has been steadily falling in Denmark for several years.—AFP






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