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The Danish Tax Reform Act of 1993: Effects on the Macroeconomy and on Intergenerational Welfare

In: Macroeconomic Perspectives on the Danish Economy

Author

Listed:
  • Kathrine Lange
  • Lars Haagen Pedersen
  • Peter Birch Sørensen

Abstract

In June 1993 the Danish Parliament enacted a tax reform to be phased in over a 5-year period starting in 1994. Following recent trends in the OECD area, the Danish tax reform combined a broadening of the tax base with general cuts in marginal tax rates on income from labour and capital. In terms of the magnitude of the drop in marginal tax wedges, the Danish reform was not as ambitious as the recent tax reforms in the neighbouring Nordic countries (see Sørensen, 1998). On the other hand, a substantial part of the income tax cuts was financed via a rise in various ‘green’ taxes, including excise taxes on energy and water use. The Danish reform bill may therefore be seen as one of the most serious attempts so far to implement an ‘ecological’ tax reform.

Suggested Citation

  • Kathrine Lange & Lars Haagen Pedersen & Peter Birch Sørensen, 1999. "The Danish Tax Reform Act of 1993: Effects on the Macroeconomy and on Intergenerational Welfare," Palgrave Macmillan Books, in: Torben M Andersen & Svend E Hougaard Jensen & Ole Risager (ed.), Macroeconomic Perspectives on the Danish Economy, chapter 5, pages 134-164, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50103-4_5
    DOI: 10.1057/9780230501034_5
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    Cited by:

    1. Roberto Iacono & Elisa Palagi, 2020. "Still the lands of equality? On the heterogeneity of individual factor income shares in the Nordics," LEM Papers Series 2020/13, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    2. Iacono Roberto & Palagi Elisa, 2022. "Still the Lands of Equality? Heterogeneity of Income Composition in the Nordics, 1975–2016," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 22(2), pages 221-268, April.
    3. Ganghof, Steffen, 2001. "Global markets, national tax systems, and domestic politics: Rebalancing efficiency and equity in open states' income taxation," MPIfG Discussion Paper 01/9, Max Planck Institute for the Study of Societies.
    4. Raj Chetty & John N. Friedman & Tore Olsen & Luigi Pistaferri, 2011. "Adjustment Costs, Firm Responses, and Micro vs. Macro Labor Supply Elasticities: Evidence from Danish Tax Records," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(2), pages 749-804.

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