Government Pledges More Tax Cuts
Sweden’s center-right government has promised more income tax cuts when it presents its Spring Budget next week.
Writing in the newspaper “Dagens Nyheter” Thursday, the leaders of the four party coalition say their assessment shows there is room for the third round of tax cuts since they took power a year and a half ago. They say the focus is to lower thresholds for entering the labor market, and making it pay better for low and middle income earners to move from part-time to full-time work.
The party secretary of the opposition Social Democrats has criticised the move, saying that large tax cuts don’t fit it with the government’s promises to preserve welfare.
The Spring Budget, a complementary bill to the main Autumn Budget, is due to be presented on April 15th.