Sweden Should Boost Access to R&D Tax Incentives, Report Says

Sweden should improve companies’ access to research and development tax incentives and increase tax relief for highly skilled professionals from abroad, according to a Wednesday report by a government-appointed special investigator.

According to the report, Sweden should maintain its R&D deduction cap at the current 36 million Swedish krona ($3.24 million) per corporate group per year but broaden the definition of qualifying R&D activities and simplify documentation requirements.

• The R&D deduction gives employers a 20% break on contributions to pay on behalf of their employees. The exemption rate for salaries of foreign, high-income personnel should be raised to ...