Borg caught up in tax payment blunder

Borg caught up in tax payment blunder
Sweden’s Minister of Finance Anders Borg had some explaining to do on Wednesday when it was revealed he failed to follow new tax rules that he himself had introduced back in 2007.

The Swedish Tax Agency (Skatteverket) rejected Borg’s filing for the 2008 tax year, claiming he had improperly claimed a deduction for the costs associated with maintaining two residences.

Borg had requested a deduction of 12,240 kronor ($1,770) for increased living expenses, and in so doing failed to abide by changes to the law which he implemented in the autumn of 2007.

“It was a mistake and I can only say I’m sorry. I signed both the tax return and the bill and therefore should have known which rules applied,” he told the TT news agency.

As a result of his mistake, Borg’s tax rebate will be 6,000 kronor lower than he had originally calculated.

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