Will Denmark implement a wealth tax by end of 2027?
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Denmark's March 24, 2026 election has placed a wealth tax at the center of the campaign.
- PM Mette Frederiksen's Social Democrats have proposed a 0.5% annual levy on individual net wealth above DKK 25 million (~€3.35M), projected to raise ~DKK 6-7 billion/year and affect roughly 22,000 taxpayers.
- The far-left Enhedslisten (Red-Green Alliance) has proposed a more aggressive 1% tax on fortunes above DKK 35 million and has made passing a wealth tax a condition of coalition support.
- The proposal is opposed by all right-of-centre parties as well as the centrist Moderates.
- Denmark previously had a wealth tax but abolished it in 1997.
- Whether it returns depends on coalition arithmetic — specifically whether the left-wing "red bloc" can secure 90+ seats without needing the Moderates.