Sweden Comes Out Against EU Taxes on Companies, Tobacco

Sweden opposes the European Commission’s proposals for new taxes and “doesn’t see a need for them,” the country’s EU affairs minister said Friday.

Speaking to reporters in Brussels, Jessica Rosencrantz said Sweden is “very critical” of the commission’s plan to raise €58.2 billion ($67.8 billion) annually in new taxes and increased rates to fund its next seven-year budget.

The proposed annual lump-sum contribution of at least €100,000 from companies with a minimum turnover of €100 million is “working against our ambition to make Europe a competitive continent,” she said.

Likewise, Sweden opposes both the bill that would raise rates on ...