According to the current regime, qualifying foreign employees in Denmark, under certain conditions, are entitled to elect to be taxed at a 25-percent rate for 36 months or a 33-percent rate for 60 months. The effective rates including the AM-contribution under existing rules are respectively 31 percent and 38.36 percent. Under the terms of the bill, such employees may be taxed under one system: a 26-percent rate over a 60-month period plus AM-contribution, so that the new effective rate will be 31.92 percent for income year 2011.