Danish PM Drops Wealth Tax to Remove Hurdle in Government Talks

Denmark’s acting prime minister, Mette Frederiksen, said she will drop her proposal to introduce a wealth tax, thereby removing a key hurdle in talks to form a new government.

There isn’t a parliamentary majority backing the idea, which Frederiksen floated in February when she called general elections, she said in a speech on Friday. She added that her party could introduce alternative measures “that will work to counter inequality in our society.”

Danish party leaders have been locked in government formation talks since the March 24 election. Frederiksen and her Social Democrats, bidding for a third term, need the ...