Denmark Top 7 Most Ridiculous Taxes (Scam or Necessity?)

[@FBECapital]

WOW, first country I see to have a more insane car tax than the Netherlands. We also have the tax on the tax, called Btw(VAT) on BPM(Road tax). The Danish version adds about 50% to our high prices on luxury cars. Insane!

[@MarioScianHQ]

Yes

[@jamesabber7891]

Good video as always, but this time I see a few inaccuracies: As for #1: This has mostly been fixed for stock-based funds. This makes sense because the law is supposed to tax only on realization when it is stocks, but tax before realization on most other investments. There is now a large list of approved funds you can invest in without paying capital gains (but paying the ordinary stock realization tax instead) available from our tax authority, and you can check this list to find out how your gains are taxed. As for #2: If you privately own the stock you are only taxed when you sell it, or of any dividends you receive from the stock. If you own it in a company the company will be taxed on price increases before you sell. But here there are a few important exceptions: Your company pays no tax on dividends or stock value increase if you own more than ten percent of the company (completely tax free). And if the company your company owns a part of is not publicly listed your company also pays no tax at all. As for #3: This is something really debated right now in Denmark. The property taxes are based on a subjective valuation from our state. About a decade ago it was politically decided that these valuations were wrong, so the valuations were frozen, and a new system of valuations was supposed to be created. This has been really expensive for our state which has paid many billions and does not yet have a working valuation system. The idea was that you could not complain about the new valuations unless it was at least 20 percent off. But the new valuation system got delayed, so a preliminary new valuation is coming out that you cannot complain about at all. Or so it was until many instances of greatly inflated valuations being completely wrong surfaced. If you are a foreigner living in Denmark, please be careful about buying real property. Please note that the freedom from tax if you sell your property only applies of you lived in it. As for #4: Yes, car taxes are high and I am one of the persons having to pay. As for #5: I hated the old media license, but fortunately it is gone now. And I hated even more when it was expanded to also become a "license" (not formally a tax) you needed to pay for just having an internet connection. This happened because our politicians sent a few millions to two state-sponsored media outlets to enable them to get more internet presence. I remember the office collecting this tax from a personally encounter: One day somebody knocked on my door, and is was an agent from this office. I told him that I did not have a TV set. But he saw a computer through my door, and asked me if I had an internet connection. I told him yes, and that it was for work and paid by my employer, so it was under the license ("tax") of my employer. This was what the law said, but they refused to recognize my view until I told them I would sue them in a court of law. Then they stopped their unlawful claims. A few years later a law was passed so companies here did no longer have to pay the license. The initiative came from the receivers of the license, and was framed as helping the companies. But in reality it was to get more people to pay license. I had to pay for a few years again until the license - which is really a tax - was finally revoked. As for #6: We have a lot of special taxes on certain products. You mention coffee and alcohol but there are many more. As for #7: Yes, this is not fair. Why do you need to pay more in taxes when you leave the country? I believe this was a political decision made in response to many of our most wealthy individuals leaving my country for tax reasons. But they do not care. And you can - if you have a lot of wealth - still easily escape most of the taxation in Denmark if you want to, without leaving the country.

[@MarioScianHQ]

Thank you for your detailed comment and insights James, great stuff! Much appreciated

[@gioialikejoy]

Hi Mario, have you considered making a video or an analysis about different pension schemes in Denmark?

[@MarioScianHQ]

Yes, good idea

[@iam.damian]

Good idea, I just got my 1st full-time job, so I want to get this right.

[@liclaclec]

Hi Mario, good video! Does the "exit tax" apply also to fluid capital I want to transfer to a bank that reside in the country I'm moving to? Maybe it depends whether the destination is EU/non-EU? (Letting aside the discussion about forex exchange)

[@MarioScianHQ]

Fluid capital? If you've cash you don't have any gains so to speak of

[@matteldcar]

Hey Mario, thanks for the content! Does the taxation on unrealized gains apply to the funds present in the 'positivliste'?

[@Dexterprog]

To all funds

[@MarioScianHQ]

Yes all ETFs will be directly or indirectly taxed on unrealized gains

[@matteldcar]

@@MarioScianHQ Ay....

[@marianico69]

Yes, those in that list are within capital gain tax, not with salary bracket.

[@tadhgmulligan]

In Ireland you have to pay tax on unrealised gains for ETFs also

[@MarioScianHQ]

For all ETFs and yearly? Ouch

[@Martin-ph9yi]

Does the whole "if you leave Denmark you get taxed" apply to houses aswell? To me it feels like Denmark would be a great country to move to if you're already rich rich and plan on flipping properties for profit, however everyone that's not a part of that category is at a major disadvantage. Also, how does Denmark tax you for properties that you own elsewhere? If one were to invest in other countries and live in Denmark, do the same taxes apply?

[@Martin-ph9yi]

Great video btw, really helps an outsider get a grasp on how Denmark functions, much appreciated!

[@Spectre-x4b]

The exit tax applies on top of the taxes applied every year on unrealised gains?

[@MarioScianHQ]

No, you’re not double taxed

[@hussen14]

is there taxes on youtube money ? and if so , how much is it ?

[@MarioScianHQ]

Yes, you pay that on top of your normal income so whatever your normal income tax rate is

[@juniorrokudevelopertutoria3734]

Crazy tax system. Its anty stock exchange basically.😮

[@MarioScianHQ]

Yep

[@slangelis]

So big question: If the value of my investment lost 100.000 Dkk one year and it gained the same 100.000 Dkk on the next year I still need to pay profit?

[@MarioScianHQ]

No

[@Dexterprog]

​​@@MarioScianHQhe does, but the losses of the previous year are offset to the "gains" of the next year. I this extreme example, both values sum zero

[@dankspain]

Does anybody know the rationalization for the tex car?? I have been asking danes for years about it and nobody knows why they have it, they just shrug it off and accept it 😂

[@MarioScianHQ]

I think it goes back to the janteloven

[@Alcani81]

It's so nice when foreigners complain about things in Denmark, if you don't like it here, you can go to another country. If you don't like it there either, you have to go home, if you think things should be like where you come from.

[@MarioScianHQ]

Yeah sure

[@spaencerable]

damn i have a contract of 2 years in denmark and will leave after this and i'm fucking disgusted by this exit taxe like wtf is that it's nearly like i will work this 2 years just to covers the losses due to paying this bullshit

[@MarioScianHQ]

How much gains you'd in two years for this to be that much? :D

[@golasgolas783]

180%

[@jdr4674]

Absolutely over the top and intrusive. My conclusion: Stay away

[@MarioScianHQ]

It depends

[@Tommysimonsen]

Cars are to cheap any way, that`s why they are all over.

[@MarioScianHQ]

Cheap cars are everywhere

[@Tommysimonsen]

@@MarioScianHQ IF EU was not blocking Chinses EV`s cheap EV`s would be every where. Same happened years a go with lightbulbs, China made energy saving bulp`s for 5 Kr, so they baned them for the environment, now it cost 70 plus Kr to save the environment. Then we moved on to LED, this was long a go technology.

[@KHValby]

And Mario! Yet you still live here (for a long time), regardless of our Taxes 😁 ! You even admit to being part of the Tax Scam😆. Never had a visit from DR (Danish national TV) . I have no problem paying for their license, since I know that there news in unbiased (by law) and that some of their shows are sold all over the world. Google it😃! Dear Mario. I'm a huge fan of your Vlog and will be so in the future! No ! Denmark is not perfect, no country is! We also have Tax cheaters🤨or people who try to avoid paying their fair share. Luckily we have a bunch of parties to choose from and you can vote for, come next election😶! Taxes secure a good life for everyone! We're not all working for MÆRSK, LEGO or NOVO Nordisk! But we also need everything from garbagemen to shop employees. They also pay taxes and deserve a good life! I agree! Some Taxes are just stupid, some are unfair! Next time. Vote for the Party you most agree with (just saying😁) ! Mario! The above is no criticism of you, just my personal opinion🤭. DK needs more well educated Internationals like you 😊, but a well functioned society also needs everyone in between😁! I like going to a Cafe' knowing that the Server isn't gonna spit in my Coffee or food, because there wages are low and they have no Healthcare or an opportunity for a UNI education. I like paying Taxes! I get SO much back 😁 !

[@MarioScianHQ]

Thanks for sharing!

[@niksnico]

what is politicians lifestyle like in denmark? vs average worker