Some of the country's richest venture capitalists have long loudly protested against the Swedish Tax Agency's taxation of them over a long period of time. In the spring, it concerned 67 venture capitalists who were taxed with 1.6 billion kronor.
The dispute has been about whether the profit share that venture capitalists make should be taxed as labor income or as capital gains in accordance with the so-called 3:12 rules.
"Large number of lawsuits"
In August, the government quietly appointed an inquiry into the matter. In a memo, the Ministry of Finance writes, among other things, that the question of how special profit shares should be treated for tax purposes "has been the subject of examination in a large number of lawsuits at the Swedish Tax Agency and in Swedish courts" for over 15 years.
According to the directives, the investigator was to develop regulations "that lead to more predictable taxation of such income".
Costs 300 million
On Tuesday, the investigator will present their proposal, which will largely meet the venture capitalists' demands, something that the news site Breakit was the first to reveal.
The proposal essentially means that venture capitalists will get what they want and will be covered by the 3:12 rules. However, there will still be room for interpretations in the legislation.
The proposal is expected to cost the state 600 million kronor in the first year and then 300 million annually.
