Over 770,000 People in Denmark Use Share Savings Accounts

You can pay less tax on investments in Denmark through an equity savings account. According to Finans Danmark, 772,000 people in Denmark had this account by mid-year. That is an increase of 114,000 account holders in just six months.

The special account lets individuals invest in stocks and equity funds. Returns from these investments face a tax rate of only 17 percent. Standard investment returns face a tax rate of at least 27 percent.

This lower tax rate helps local residents save money on investment gains. The statistics were reported by The Copenhagen Post.