News

Makeover needed for ownership taxes!

2018-06-07

In the panel (from left): Johan Fall, head of the tax department at the Confederation of Swedish Enterprise, Magnus Henrekson, IFN, Lotta Engzell Larsson, editorial writer at Dagens Industri, and Henrik von Sydow, strategist at Carnegie and former chairma

June 7, Magnus Henrekson, IFN, participated in a panel discussing the Swedish ownership taxes. "Eleven years ago it was chaos – the system was distorted by the way people acted to avoid wealth tax. We would have the same result today if this tax would be reintroduced," said Henrekson. The German researcher Florian Neumeier, Ifo, initially presented a study demonstrating that in developed countries there is no correlation between reduced inequality and increased growth. Also, the Confederation of Swedish Enterprise (Svenskt Näringsliv), which organized the seminar, presented a report, concluding that "the tax rate on capital gains and dividends ought to be reduced from today's nominal 30 percent to 20 percent”.

2018-06-07 M Henrekson på SN+2.jpg
Florian Neumeier, ifo research institute in Munich, presented a study that shows that reintroduced wealth taxes might result in a slowdown in growth, investment and employment.

 

Read the study "Why the IMF and OECD are Wrong about Inequality and Growth" by Clemens Fuest, Florian Neumeier and Daniel Stöhlker

Read the report by Svernskt Näringsliv  "En internationell kartläggning och analys av ägarskatter"

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