- Sweden edition
- Change edition:
- France |
- Germany |
- Norway |
- Switzerland
May 21, 2012
Debt payments eat up tax rebates
Published: 15 Jun 08 11:26 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/12448/20080615/
The first wave of this year's tax rebates are on their way out to Swedish taxpayers. This year the money will be spent paying off debts, a new survey shows.
- Swedish retailer H&M's new 'secret' luxury brand (23 Mar 12)
- Ikea puts India expansion plans on ice (23 Jan 12)
- 'It often feels like Christmas in Sweden is only about presents' (19 Dec 11)
"The number intending to reduce their debts has almost doubled during the past year," said Claes Hemberg at Avanza Bank to research organisation Sifo.
13 percent of those surveyed said that they would spend their tax rebate on reducing debts in comparison to only 7 percent in 2007. At the same time the number that intend to spend their money on luxury consumption has decreased from 39 percent to 31 percent.
"Much of this is to do with reducing exposure to risk in the future, but the main reason is probably that mortgage and interest payments constitute too greater share of expenditure," said Ylva Yngvesson at Swedbank to Sifo.
Retailers are not overly concerned however despite the results of the survey.
"Our own retail panel has forecast strong sales in the coming three month period," said Margareta Ternell at trade organisation Svensk Handel.
According to Svensk Handel retail sales are forecast to increase by four-five percent in the summer in comparison with the corresponding period of 2007.
"It is a slightly lower rate of growth," observed Margareta Ternell.
Sifo interviewed 1,300 people in late May, early June on how they planned to spend their tax rebate.
Fark It!
Digg This
Share everywhere
Send to a friend
Printable version
Twitter This
Sweden drifting from 'Swedish model': report
Sweden's historically generous social safety net isn't as robust as it once was, according to a new report, which reveals Sweden has fallen below the average for many other developed countries when it comes to various types of social insurance. READ (10 COMMENTS) »
Swedish printer in South Africa banknote fiasco
An error involving a Swedish printing press has turned into a very expensive headache for South African central bank officials who have been forced to destroy millions of dollars' worth of faulty banknotes. READ (2 COMMENTS) »
Construction workers see fewer inspections
Sweden's work environment watchdog has made ten percent fewer inspections on construction sites over the past seven years, despite twice as many work-site employees since 2007. READ (1 COMMENT) »
Ikea bosses sacked over France spying scandal
Ikea is sacking four managers at its French subsidiary following allegations that they spied on employees and customers using an illegal police database, the Swedish home furnishing retailer announced on Friday. READ (1 COMMENT) »
Boob burns not bikini-related: Swedish retailer
The manufacturer of the bikini suspected of having caused severe bust-line burns on a Swedish woman claims that test results reveal the beach garment is not responsible for the woman's scorched skin. READ (5 COMMENTS) »
Firm sued over Facebook 'threats' sacking
Swedish trade union Unionen has opened legal action against a firm from Piteå in northern Sweden on behalf of two employees fired after posting "threatening" comments against a manager on Facebook. READ (2 COMMENTS) »
Swedes' pension hopes tied to Facebook IPO
Close to 3 million Swedes will be watching the upcoming stock market debut of Facebook with added interest after news emerged Thursday that a major Swedish pension fund planned to invest in the social networking site. READ (6 COMMENTS) »
IMF warns Swedish economy 'vulnerable'
The growth of the Swedish economy is vulnerable due to its exposure to weak European economies, International Monetary Fund wrote in a report released on Tuesday. READ (9 COMMENTS) »
Astra Zeneca slashes 400 more jobs in Sweden
Another 400 jobs will be cut from Anglo-Swedish pharmaceutical manufacturer Astra Zeneca, the company has announced, with the majority of the redundancies in Södertälje, south of Stockholm. READ »
Patient blackmails doc after affair turns sour
A doctor in southern Sweden has reported a woman to the police after she blackmailed him for over one million kronor ($149,059) following their love affair. READ (3 COMMENTS) »
- 14/05 Swedish union plea to Obama: 'help save Saab' (6 comments) »
- 11/05 PEAB founder freed in arena bribery scandal (2 comments) »
- 10/05 Skanska profits double but fail to beat forecasts (2 comments) »
- 10/05 Drunken airline pilot stopped at Arlanda (14 comments) »
- 09/05 H&M defends bikini ad amid skin cancer worries (7 comments) »
- 09/05 Illegal trash exports from Sweden put Africa at risk (7 comments) »
- 08/05 'Chinese Saabs' soon to hit showrooms: report (2 comments) »
- 08/05 Swedish porn king: 'I am terrified of women' (11 comments) »
- 07/05 Swedes set for virtual gift card competition »
- 07/05 Swedish sperm becomes 'bestseller' in China (5 comments) »
Meet Sanna, 9 years old
Sanna is one of 2 million people in Sweden under the age of 18. Sweden is seen as a good place to grow up. The law makes sure children are well-protected and defends their rights and any organizations work with children's well-being. Read more »
Strindberg, king of drama
August Strindberg's plays shocked society, dazzled audiences and revolutionized drama. A century after his death, Strindberg, with his powerful, timeless themes, is celebrated around the world. Read more »
| 21/05 | Head of Service Area, Northern Europe Hilti Svenska AB |
Glasgow |
| 21/05 | Accountant / Analyst Boston Consulting Group |
Stockholm |
| 21/05 | Country Manager Sweden - Falck TravelCare Falck TravelCare AB |
Stockholm |
| 21/05 | Business Developer Bureau Veritas Certification Sverige AB |
Göteborg |
| 21/05 | Java based Software Engineer (big data) - Videoplaza VideoPlaza |
STHM |
| 21/05 | Bid Manager for Outsourcing Solutions to ManpowerGroup Experis IT |
STHM |
| 21/05 | Software Development Engineer in Test- Windows Phone - Skype Microsoft |
Stockholm |
| 21/05 | Solution Verification Engineer Ericsson |
Göteborg |
| 21/05 | Assistant Trustee Manager -- Officer/ AVP (Based in Stockholm) J.P. MORGAN LIMITED |
Sweden |
| 21/05 | Risk Controller Klarna |
Stockholm |
- 21/05 Germans tip-top for generosity on holiday »
- 21/05 Central Bank: there is no 'Plan B' for Greece »
- 19/05 Merkel denies suggesting Greek vote on euro »
- 19/05 Metalworkers get pay rise, vow to take on Opel »
- 18/05 Merkel ally: 'Eurozone could handle Greek exit' »
- 18/05 EU agrees on growth and austerity mix ahead of G8 »
- 16/05 Greeks and Spanish flee to Germany in job hunt »
- 16/05 Freelancers fight forced pension plan »
- 15/05 German investor confidence tumbles »
- 15/05 'Made in Germany' goods help dodge recession »
- 17:49 What do you do...
- 17:31 Can't remember phone lock code!
- 17:19 Registering children at skatt
- 17:12 Convincing parents about moving to Sweden
- 16:52 Peking konstnären Liu Baojie
- 16:51 Query regarding EHIC working in denmark
- 15:46 Dating a Swedish Girl?
- 15:37 Job Offer - Moving from UK to Sweden with Fiance
- 15:19 When to prune a plum tree in Sweden?
- 14:31 Java jobs in Sweden
Swedish Down Town PR Consulting and Productions is an innovative business company which provides valuable assistance with Public Relations and Communications in the Swedish and the international market.
www.swedishdowntown.com
Comfortable Fully Serviced Apartments for Leisure or Business Travel Beautiful surroundings. Internet & Sat TV
www.oldriverhouse.se
Volunteer Venture is dedicated to promoting community tourism by welcoming volunteers and travelers to discover the cultural differences in Nepal as English teaching volunteers, orphanage volunteers, Monk teachers and many more
www.volunteerventure.org/
Find products and services that are specifically focused on English speakers living in Sweden!
FULL DETAILS
British-Australian Male Counsellor. Counselling Therapy for Depression, Mental Health, Sex, Relationship & Expat Issues
08-559 22 636 or CLICK HERE
Therapy in English in Stockholm Trained in California Individuals & Couples (08) 93 81 48 FREE phone consultation
Visit anxiousorblue.se
Turning Point Counselling centre offers the international community of Stockholm a safe space for personal development, counselling and coaching.
http://www.turning-point.se/show.asp
