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Finance

Borg Against Further Tax Cuts

Published fredag 19 februari 2010 kl 20.07
Anders Borg

Finance Minister Anders Borg has rejected the possibility of further income tax cuts in the near future. Instead, in a speech he held in Gothenburg, the center-right politician expressed the likelihood of higher taxes.

“There are some heavy reasons to consider an increase of income taxes”, announced Borg. Tax cuts only made sense in times of strong state budgets, and this was not the time now, added Borg. The Finance Minister also praised former Social Democratic Prime Minister Göran Persson for having reconstructed state finances during his time in office.

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