It will be a increase in loan costs or a reduced return on equity in the financial sector. Somewhere, they (bank owners and bank customers) will have to share the bill, says SEB's CEO Johan Torgeby.
He notes that Sweden already has a bank tax, but on turnover.
But this is essentially the same thing.
According to the SEB chief, Sweden stands out when it comes to taxation of the financial sector.
Together with the Baltic states, Spain, Belgium, and a few others. It's a handful that uses this method. But in other countries – we are also a bank in Germany and the USA – there is nothing like this. So it differs quite a lot, he says.
- Some people think that banks have money. There is no money in the bank. All the kronor and ören we have come from customers. All the tax we pay comes from customers. Then, of course, we have shareholders, so what you can do is reduce profitability in the bank, he adds.
He specifically points out pension funds and foundations as owners who would be affected by lower dividends if the bank tax is introduced.
