In a new article about SAFE, Niels has analyzed how a SAFE and similar financial instruments should be qualified for tax purposes in Danish tax law. Niels analyzes the Danish Tax Council’s (Skatterådets) latest decisions on this and is critical of certain parts of the Tax Council’s practice. Regardless of the criticism of the Tax Council’s decisions, the conclusion is clear: If you want to spread the use of the SAFE in Denmark, a change to the Danish tax legislation is necessary.
