Blomgren-Hansen, Niels - Økonomisk Institut, Copenhagen Business School - 1999
As a main principle, income is taxed when earned. This principle is <p> broken in case of unrealized capital gains (recovered depreciations, unrecorded <p> intangible assets etc.). Such incomes are taxed when realized or the ‘latent tax’ is <p> passed on to the new owner (tax succession). In Denmark,...</p></p></p>