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Sweden’s Govt Plans SEK10b Tax Cuts Aimed at ‘Ordinary People’

Sept. 1, 2021, 8:31 AM

Sweden’s government is proposing tax cuts that will affect 7.5 million “ordinary” Swedes in its upcoming budget, the country’s finance minister Magdalena Andersson says during a press conference in Stockholm.

  • Says the proposals include an increase in “inclusive” tax reductions next year, “mainly for low and middle income earners”
  • The current tax reduction for sickness and activity benefits is “strengthened” so that “the tax gap between these benefits and earned income disappears”
  • The cost of joining the unemployment insurance fund is reduced through a tax reduction
  • The cost for the proposals amounts to SEK10.42b, according to Andersson
  • NOTE: Aug. 26, ...