TaxPersonal TaxSweden to scrap wealth tax

Sweden to scrap wealth tax

Centre-right government signals end to seven decades of left-wing rule by scrapping wealth tax 

Fredrik
Reinfeldt
, the Swedish prime minister who won elections in
September, has promised to make a proposal in next months Budget to scrap the
the 1.5% wealth tax.

The proposal from the centre-right government, which came into power after
seven decades of almost uninterrupted leftwing rule, signals that the collection
of wealth in egalitarian Sweden is not longer due,
the FT
reports.

The tax currently applies to personal wealth of 1.5 kronor (£109,000).

‘This is another step towards
Sweden
becoming a normal country,’ said Maria Rankka, president of the right wing
think-tank Timbro.

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