Denmark Raising More From Dividend Tax After Fraud Reforms

Denmark is collecting increasing amounts of dividend tax after fraud-triggered reforms to the tax’s reimbursement program, the Danish Tax Agency said Wednesday.

The agency raised more than 180 billion Danish krone ($28 billion) from the tax in the five years from 2020-2024, rising from 26 billion Danish krone in 2020 to a high mark of 47 billion in 2023, it said in a release. The 2024 figure was 39 million Danish krone.

Denmark was subject to fraudulent dividend tax reimbursement applications between 2012 and mid-2015, leading to refunds worth around 12.7 billion Danish krone, the release said. Foreign ...