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Danish government wants to spend USD 160m on permanent research and development tax deduction

In a reform proposal on Tuesday, the Danish government announced plans to make the 130 percent raised tax deduction on research and development permanent. A cap on the tax value of individual companies will still be in place, however.

Photo: Philip Davali/Ritzau Scanpix

The Danish government is seeking support from parliament to make the temporary 130 percent increase to the tax deduction for research and development permanent.

This became clear on Tuesday morning, when the government presented its reform proposal called "Danmark kan mere 1" ("Denmark can do more 1") at a press conference.

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