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Text File  |  1992-08-07  |  2KB  |  36 lines
  1. $Title{Table 12.: Illustration of Tax Relief Due to Foreign Source Income (DKK or $)}
  2.  
  3.                                Case A            Case B              Case C             Case D
  4.                               Predominant      Large Foreign       Medium Foreign     Modest Foreign
  5.                              Foreign Source       Source               Source             Source
  6.                                Income             Income               Income             Income
  7.  
  8. Danish resident company           1000              1000                 1000              1000
  9. taxable Danish income
  10.  
  11. Foreign source taxable           10000              2000                 1000               500
  12. income
  13.  
  14. Total Danish resident            11000              3000                 2000              1500
  15. company taxable income
  16.  
  17. Foreign source income as a         91%               67%                  50%               33%
  18. percent of total income
  19.  
  20. Total tax liability (at 40%)      4400              1200                  800               600
  21.  
  22. Tax relief due to foreign         2000               400                  200               100
  23. business operations (1/2
  24. times foreign source percent
  25. of income times total tax)
  26.  
  27. Total tax liability before        2400               800                  600               500
  28. relief due to tax treaties
  29.  
  30. Tax credit due to tax treaties    2184               536                  300               335
  31. (foreign source percent of
  32. income times total tax)
  33.  
  34. Effective tax rate relative to   21.6%             26.4%                  30%             33.5%
  35. Danish income
  36.