Tax hike criticised

On Monday the government announced a new package of measures designed to boost Swedish exports and the innovation climate. SKr 226 million will be earmarked towards the initiative this year and SKr 315 million annually thereafter up to the end of the government’s term of office.

However, Dan Olofsson, owner of Danir AB, does not give much for the drive, pointing out that the government intends to raise taxes by SKr 20 billion in 2016, but will invest just 1 per cent of the revenue generated on export promotion. He also slams the argument put forward by the government that higher taxes on businesses and on labour will create more jobs.

“They transfer billions from enterprise to the state and believe the state is some kind of expert in creating jobs and in economic dynamics, which I do not believe. Globally, competition is stiff and we should look after our businesses. Heaping costs onto companies is fundamentally wrong,” he says.

The Confederation of Swedish Enterprise is also critical, saying the funds allocated for the initiative, which may or may not have an impact, are nothing compared to the taxes that will shortly be levied on companies.