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Finance Minister moots corporate tax cuts

Published fredag 10 februari 2006 kl 12.53

Swedish Finance Minister Par Nuder, says he is consider lowering the country’s corporate tax rate after the general elections in September this year.

Speaking to the newspaper, Svenska Dagbladet, the minister indicated that he wanted to make Sweden’s tax rate more competitive and intends to discuss the option with the other parliamentary parties.

Many of the EU’s new members in central Europe and just across the Baltic from Sweden, have much lower tax rates than Sweden’s 28 percent - which until recently had been relatively low in comparison with other industrial countries.

Nuder refused to to into detail however on what corporate tax rate he thought appropriate.

Sweden has one of the world’s highest total tax incomes as a percentage of gross domestic product, with personal income tax levels of more than 50 percent for high earners.

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