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Folketing

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Folketing (fôl`kətĭng), national parliament of Denmark. Formerly the lower house of the bicameral Rigsdag, it became the sole parliamentary body in 1953. It shares legislative power with the monarch, who can dissolve the body but cannot assume major international obligations without its consent. It is elected by universal suffrage, and its term is four years. Ministers can vote in the Folketing only if they are members.


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This anticipates the effect of L35, the proposed bill on international taxation mentioned on previous occasions, which has now been enacted by the Danish Folketing (Parliament).
If the proposed bill on international taxation, L35, is passed by the Danish Folketing (Parliament) in its present form, the consequences will be increased taxes for the company.
If the proposed bill on international taxation, L35, is passed by the Danish Folketing (Parliament) in its present form, the consequences will be increased taxes for the company.
 
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