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Sweden Will Lower Income Taxes Next Year, Budget Allies Say

Sept. 10, 2020, 2:14 PM

Sweden’s two centrist parties have said that more than 7 million Swedes will get their income taxes lowered at the beginning of next year.

The tax cuts will total 13.5 billion Swedish kronor ($1.6 billion) in 2021 before growing to 17 billion kronor two years later, according to a statement by the Center Party, which is one of the so-called budget allies working with the Social Democrat-led government.

“Lower income taxes increases the economic safety for more people,” Annie Loof, leader of the Center Party, said at a press conference on Thursday.

The tax plan comprises a cut of ...

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