Swedish Companies Fiddle with their Taxes
Many Swedish companies are withholding information from the Tax Board when it comes to cash payments. A survey carried out by the National Tax Board of Sweden has shown that the almost half of the sales revenue is often not accounted for.
“What is taken is generally not put in shop owners own pockets. Instead there is a connection to the black labour market. Staff are hired cash in hand, and their wages aren’t completely accounted for,” said Conny Svensson, project leader for the Tax Board’s survey, to Swedish Radio News.
The survey is part of a larger investigation which began in 2005, starting with Swedish restaurants. Since then over 1300 companies have had their taxes increased. About half of these have alsobeen reported to the Police, according to Swedish news agency TT.
From next year a new law will make it more difficult to manipulate cash tills. A little black box will record all transactions and a receipt must be given to the customer. The Tax Board is hoping that this will make it, if not impossible to cheat the system, then at least easier to identify tax evaders. Conny Svensson told Swedish Radio News that this will give the Board more control.
“The tax board will concentrate more on checking purchases and customer receipts – we will be changing the way we work considerably in the future”, Svensson said.