Overall: 76.3 World Ranking: 11
Denmark is located southwest of Sweden and south of Norway. it is bordered to the south by Germany
Denmark compared to other countries
Denmarks currency is known as the Danish Krone
Legal System of Denmark
Levels of corruption are low in Denmark. Protections of property rights are enforced strongly and an independent and fair judicial system is institutionalized throughout the economy. The tax is divided into state income tax and a local income tax. The state income tax is a progressive tax while the local income tax is a flat tax. All income from employment or self-employment is taxed at 8% before income tax.
Denmark's economy depends heavily on foreign trade. Increased immigration spurred by the 2011 uprisings in North Africa has caused the government to consider more restrictive immigration laws. Even though Denmark isn't part of the euro, they have felt the wrath of the European economic crisis. Denmark's economic growth has been sluggish, unemployment stays low.
Efficient Capital Market
Denmark's overall regulatory environment remains one of the most transparent and efficient in the world. There are minimum capital requirements for limited liability's to companies has been reduced. Launching a new business involves 4 procedures. Flexible new employment regulations sustain in the labor markets. Monetary stability is established.
Stable prices and confidence in the currency gives you monetary stability. Stable prices are defined by the Government's inflation target, which the Bank seeks to meet through the decisions taken by the MPC (Monetary Policy Committee). This is basically the stability of the value of money.
Low Tax Rates
All income from employment or even self-employment is taxed at 8%. The state income tax has two income brackets, base and top. The highest local income tax in Denmark is 27.80 while the lowest being 22.70% as of 2009. Health care tax is also at 8%. The sum of all tax percentages cannot exceed 51.5%.