Sweden’s Anders Borg plans corporate tax rate reduction
06 June 2012
Matthew Gilleard - ITR
Anders Borg, Sweden’s finance minister, has reiterated that the country’s corporate tax rate may be lowered.
Borg wants to encourage Swedish companies to remain in Sweden rather than moving their operations abroad to take advantage of more favourable tax regimes. Borg told a meeting of the International Monetary Conference that Sweden must strengthen its tax competitiveness, “particularly lowering corporate taxation”.
His latest claim follows comments made in April that he expects Sweden’s corporate tax rate to be much lower in five to seven years.
As recent Eurostat statistics highlight, the EU average corporate tax rate has increased from last year, bucking the trend of the last decade. However, many countries such as the...
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