SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Billionaires are favored – "don't want to scare them off"

Minister of Finance Elisabeth Svantesson (The Moderate Party) is now commenting on the inquiry set up by the government, which may benefit the country's venture capitalists. I do not want to scare capital away from Sweden, she says.

» Updated: 01 October 2024, 15:49

» Published: 27 August 2024

Billionaires are favored – "don't want to scare them off"
Photo: Lars Schröder/TT

The Tax Agency has, over many years, reassessed and disputed with the country's richest venture capitalists. Now, the government has quietly set up an inquiry that should please the protesting billionaires.

According to Svenska Dagbladet, the assignment is clear – the directives cater to the venture capital industry and focus on achieving "taxation equivalent to that applicable to income from holding qualified shares in closely held companies".

The aim is to have predictable rules. For many, many years, they have not been, says Elisabeth Svantesson at a meeting with journalists in the Riksdag.

When asked if the purpose of the inquiry is to give venture capitalists lower taxes, she responds:

It should not be worse. The regulatory framework should be predictable, which it is not today.

The tax disputes concern whether the profit share made by venture capitalists should be taxed as labor income or capital gains.

Last spring, the Tax Agency reassessed 67 venture capitalists with 1.6 billion kronor.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Upbeat in Japan – Gloomy in China
1 MIN READ

Upbeat in Japan – Gloomy in China

Took a tough stance on crypto companies - resigns
1 MIN READ

Took a tough stance on crypto companies - resigns

Ingvar Carlsson on PG: "A very loyal friend"
2 MIN READ

Ingvar Carlsson on PG: "A very loyal friend"

No Wage Guarantee in American Process
1 MIN READ

No Wage Guarantee in American Process

He became "PG" to the entire Swedish people
3 MIN READ

He became "PG" to the entire Swedish people

PG Gyllenhammar has died: "meant a lot"
1 MIN READ

PG Gyllenhammar has died: "meant a lot"

Unstable US stock market ends on a plus
1 MIN READ

Unstable US stock market ends on a plus

Temu's owner shows its hand
1 MIN READ

Temu's owner shows its hand

Nvidia rises in pre-trading on Wall Street
1 MIN READ

Nvidia rises in pre-trading on Wall Street

Reconstruction in the USA to save Northvolt
3 MIN READ

Reconstruction in the USA to save Northvolt

Northvolt: Negotiations are still ongoing
3 MIN READ

Northvolt: Negotiations are still ongoing

Higher Compensation for Job Interviews in Another Location
1 MIN READ

Higher Compensation for Job Interviews in Another Location

Vehicle Giant Warns of Challenges in 2025
1 MIN READ

Vehicle Giant Warns of Challenges in 2025

Unchanged interest rate in Turkey
1 MIN READ

Unchanged interest rate in Turkey

Trump anxiety in the EU over US tariffs
3 MIN READ

Trump anxiety in the EU over US tariffs

Weak demand for scrapping premium
1 MIN READ

Weak demand for scrapping premium

E-fuel company takes in half a billion
1 MIN READ

E-fuel company takes in half a billion

New Report Boost for AI Giant Nvidia's Share
2 MIN READ

New Report Boost for AI Giant Nvidia's Share

Stockholm Stock Exchange Turned Upwards
1 MIN READ

Stockholm Stock Exchange Turned Upwards

Bitcoin closer to the dream limit
1 MIN READ

Bitcoin closer to the dream limit