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Sweden's Tax Cut to Boost Economy Amid Global Uncertainty
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2 Articles
Sweden's Tax Cut to Boost Economy Amid Global Uncertainty
Sweden's Tax Cut to Boost Economy Amid Global Uncertainty In a bid to support households and the broader economy, Sweden's government announced a plan to temporarily reduce the value-added tax on food to 6%. This measure is part of an election-year budget designed to combat slowed growth attributed to global economic uncertainties, notably U.S. tariffs. Prime Minister Ulf Kristersson emphasized the aim to boost household purchasing power.The gov…
The Swedish government plans to cut food tax by half, from 12% to 6%. This was announced by the board yesterday at a special press conference. The reduction will be temporary and effective from April 1 of next year, out in 2027. The vote will be held in parliamentary elections in Sweden this term, or in September next year. Sweden's treasury is expected to be of 16 billion Swedish kronor next year and 21 billion the following year as a result of…
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