Weekly economics overview
The European Union will start an investigation on the TEMU platform. 92 million people in Europe are buying regularly from the TEMU app. The Chinese platform allows third parties to list items for sale, which means they have almost no control over the quality of the products. In this way, dangerous products are making their way to Europeans and becoming a threat to public health.
A guide to shared family expenses. According to a study, families that argue about finances are 70% more likely to get a divorce. Read this guide to learn how to organize your shared economy in a smart way.
The Ministry of Taxation will allow municipalities to write off debts for homeowners in special cases. After the case with Gitta Ravn, where she had to pay property tax for the entire neighborhood instead of just her house due to an error from the IT system, the Ministry will allow municipalities to write off absurd situations like this one.
What can you find in closed Facebook groups? You can buy disabledw parking cards; you can offer your driving license to take over a traffic offense from another driver; you can offer your car as a mule for driving drugs, etc. Not for long, as the police is intensifying the efforts to monitor closed Facebook groups to identify illegal activities.
Focus
The municipal taxes for 2025: Each municipality (kommune) can set up its own municipal income tax and property tax. In fact, most of your income tax goes to the municipality coffers. That’s why your level of taxation is influenced by the municipality where you live.
- Eight municipalities have decided to increase the municipal income tax – Vejen (+0.47%); Fanø (+0.33%); Esbjerg (+0.3%); Helsingør (+0.3%); Lemvig (+0.24%); Randers (+0.2%); Rudersdal (+0.16%); and Greve (+0.07%).
- Three municipalities decided to lower the municipal income tax – Copenhagen (-0.1%), Gentofte (-0.1%), and Frederikssund (-0.1%).
- Two municipalities decided to lower the commercial property taxes – Fredericia and Høje-Taastrup.
Who is fighting to get the last farmland? The number of farmers in Denmark is dwindling. Few farms are still being run by the same family, as presented in the newest documentary from DR, “Farmer Blood”.
- Until 2010, only farmers could buy farmland. After regulations changed to allow anyone to own farmland, a race started between investors, foundations, and pension funds to buy the land.
- Solar park investors are willing to pay twice the market value for the farmland. Some are willing to give 500,000 DKK per hectare.
- The state is also buying farmland to transform it into forests and wetlands. In the next few years, the state wants to transform 400,000 hectares into forests.
- Cities and road infrastructure are also expanding at the expense of farmland.
- The fact is we need more space in Denmark to achieve all the goals with reforestation, green energy, and other projects. Every square meter will count in the future, so the value will go up, at least twice.
