Highly upset Pape: Ræverød budget

"It is a classic ræverød policy, where it is the companies that must pay the bill," says Søren Pape Poulsen. He is particularly upset over the government's

Highly upset Pape: Ræverød budget

"It is a classic ræverød policy, where it is the companies that must pay the bill," says Søren Pape Poulsen.

He is particularly upset over the government's ambition to retrieve a billion dollars by raising the inheritance tax at succession planning in family-owned businesses from 6 to 15 percent.

"If you bring a billion with the companies, it will be felt at the 850.000 danes who work in a family owned business. If there is to be a succession, you must collect the money in the company, and it can cost jobs," says Søren Pape Poulsen.

He believes that the increased tax will particularly hit small and medium-sized businesses as artisans, hairdressers, farmers and small industrial enterprises, who may not have the capital to implement a succession. Instead, fear him, and that foreign private equity funds will take over the companies.

he has Therefore a clear call for companies that are considering a generational change.

"Wait until the generation change. So it may be that there will be a different government. But it will cost a billion, which the government does not get into," says Søren Pape Poulsen.

Updated Date: 03 December 2019, 15:00

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