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Cannavaro gets jail term for taking a swim

The former captain of Italy’s national football team, Fabio Cannavaro, has been handed a ten month sentence for entering his own villa and taking a swim in the pool.

Published: 26 February 2015 10:04 CET
Cannavaro gets jail term for taking a swim
Fabio Cannavaro led Italy to World Cup glory in 2006. Photo: Pierre-Philippe Marcou/AFP

The footballer, who led Italy to World Cup glory in 2006, broke a police seal at his home in Naples after it was seized by authorities last October as part of an ongoing investigation into alleged tax evasion.

His wife, Daniela Arenoso, and brother, Paolo, were also convicted of breaching the ban on entering the property, Il Mattino reported. Both were given sentences of four and six months, respectively.

The three also faced accusations of failing to secure planning permission for works carried out on the house and surrounding area, but were acquitted.

Cannavaro is being investigated on suspicion of running a sham company to avoid paying more than €1 million in tax.

He had property and other assets worth €900,000 confiscated in connection with the probe into a luxury boat rental business that the 41-year-old ran with his wife.

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Beskæftigelsesfradraget: What is Denmark’s employment allowance?

Denmark's government may soon announce changes to its tax reform plans, which will give all wage earners a bigger employment allowance. What is this and how will it affect foreigners' earnings?

Published: 30 October 2023 15:21 CET
Beskæftigelsesfradraget: What is Denmark's employment allowance?

What is the employment allowance? 

The Beskæftigelsesfradraget (from beskæftigelse, meaning employment, and fradrag, meaning rebate) was brought in by the centre-right Liberal Party back in 2004, the idea being that it would incentivise people to get off welfare and into a job.

Everyone whose employer pays Denmark’s 8 percent AM-bidrag, or arbejdsmarkedsbidrag, automatically receives beskæftigelsesfradraget. Unlike with some of Denmark’s tax rebates, there is no need to apply. The Danish Tax Agency simply exempts the first portion of your earnings from income taxes. 

In 2022, beskæftigelsesfradraget was set at 10.65 percent of income with a maximum rebate of 44,800 kroner. 

How did the government agree to change the employment allowance in its coalition deal? 

In Responsibility for Denmark, the coalition agreement between the Social Democrats, the Liberals and the Moderate Party, the new government said it would set aside 5 billion kroner for tax reforms.

Of this, 4 billion kroner was earmarked for increasing the employment allowance, with a further 0.3 billion going towards increasing an additional employment allowance for single parents.

According to the public broadcaster DR, the expectation was that this would increase the standard employment  allowance to 12.75 percent up to a maximum rebate of 53,600 kroner. 

How might this be further increased, according to Børsen? 

According to a report in the Børsen newspaper, the government now plans to set aside a further 1.75 billion kroner for tax reforms, of which nearly half — about 800 million kroner — will go towards a further increase to the employment allowance. 

The Danish Chamber of Commerce earlier this month released an analysis in which it argued that by raising removing all limits on the rebate for single parents and raising the maximum rebate for everone else by 20,300 kroner, the government could increase the labour supply by 4,850 people, more than double the 1,500 envisaged in the government agreement. 

According to the Børsen, the government estimates that its new extended allowance will increase the labour supply by 5,150 people.  

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