European Union Gazettes EC Decision Approving Amendments to Danish Aid Regime for Share-Based Income Taxation

The European Union Official Gazette June 9 published the European Commission (EC) decision on State Aid Case No. SA.119066, approving amendments to the Danish state aid regime for tax incentives for share-based income. The amendments include measures to: 1) increase to 150, from 50, the maximum number of employees, to 200 million Danish kroner (US$30.9 million), from 15 million kroner (US$2.3 million), the maximum turnover or net balance sheet, and extend to 10 years, from five years, the maximum number of years allowed for qualified undertakings; 2) replace the limit on share-based remuneration subject to special taxation with a requirement ...