Anger over EU plans against tax fraud

On Thursday the EU Tax Commissioner Pierre Moscovici presented the European Commission’s proposals to clamp down on tax fraud and corporate tax avoidance schemes, which he estimated costs the EU upwards of SKr 650 billion (70 million euros) per year.

Sweden’s Finance Minister Magdalena Andersson welcomes the proposal, while Krister Andersson, the Confederation of Swedish Enterprise’s tax policy chief, says the proposal goes too far, and warns that the proposals will entail higher tax for Swedish companies at the same time as tax revenue for the state will decrease.

“Swedish firms risk paying more since Sweden has a lower corporation tax than Germany, France and India. At the same time Swedish tax revenue will fall,” he warns.