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Tax policy on the outskirts of the EU: Greenland

Author

Listed:
  • Carsten Vestero Jensen

    (Central Customs and Tax, Denmark)

  • Soren Bo Nielsen

    (Copenhagen Business School)

Abstract

This paper provides an assessment of Greenland’s tax system and contemplates changes that may be undertaken in the future to prepare for greater economic self-reliance and the country’s participation in the wider world economy. On the outskirts of Europe, Greenland is an autonomous part of the Danish kingdom, though currently not a member of the EU. However, its cooperation with European countries and its dependency on internationaltrade renders it necessary for the tax system in Greenland to be attuned to developments in the rest of the world. Drawing on a thorough international benchmarking analysis of Greenland’s tax system, the paper’s special focus will be on the corporate tax system and its interplay with personal taxation, as well as the system of import duties. In particular, we carry out computations of effective marginal and average corporate tax rates, as well as average effective tax burdens on consumption, labour income and capital income, and compare these to similar measures for EU countries. In addition, we outline how Greenland’s economic policy in other areas interferes with tax policy. Especially fishery regulation, management of governmentowned companies, and housing policy have major implications for the tax system.

Suggested Citation

  • Carsten Vestero Jensen & Soren Bo Nielsen, 2003. "Tax policy on the outskirts of the EU: Greenland," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 4(1), pages 46-63, December.
  • Handle: RePEc:bic:journl:v:4:y:2003:i:1:p:46-63
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    File URL: http://biceps.org/assets/docs/bje/BJE_Autumn_Winter_2003.pdf
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    Cited by:

    1. Hyytinen, Ari & Takalo, Tuomas, 2008. "Investor protection and business creation," International Review of Law and Economics, Elsevier, vol. 28(2), pages 113-122, June.
    2. Michael W. Nicholson, 2013. "The Impact Of Tax Regimes On International Trade Patterns," Contemporary Economic Policy, Western Economic Association International, vol. 31(4), pages 746-761, October.

    More about this item

    Keywords

    international benchmarking; effective tax rates; Greenland;

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies

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