The Swedish government has presented tax-cut proposals that could result in somewhat larger income to 7,5 million people in the Nordic country, Swedish news portal TheLocal.se reports.
The proposals were presented on Wednesday, September 1, by Swedish Finance Minister Magdalena Andersson in the context of the country’s budget for the year 2022.
A first reduction could be a further extension of a tax cut aimed at low- and middle-income earners. It would result in a cut of up to 2,820 Swedish kronor (277 euros) per year in 2022 for those earning over 265,000 kronor (25 994 euros) and less for Swedes receiving lower salaries.
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Anderson also proposed to further reduce a tax for sickness and disability benefits, somewhat closing the gap between taxes on those benefits and earned incomes. As it stands, Swedes, who receive these benefits pay around 10,000 kronor (981 euros) more in tax on average when compared to a working person on the same income level, The minister evaluated that the change would lead to «increased fairness in society» by supporting a «financially vulnerable group». Finally, she also suggested lowering payments to unemployment insurance funds, which equal 25% of the annual fee or a tax reduction of roughly 400 kronor (39 euros) per year for most members of these funds, TheLocal.se reports.
Sweden planning tax cuts to affect income of three quarters of population
