By Arne Riis and Nikolaj Bjørnholm
Published in Tax Planning International November 2008, pp. 4-7.
On June 12, 2008, the Danish Parliament passed new legislation (Act No. 530 of June 17, 2008) (the "New Reclassification Rules"), which affects a number of Danish transparent entities and branches that are treated as non-transparent by their foreign /owners.