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Is Sweden about to cut taxes for pensioners?

The changes could come into force next year. Photo: Fredrik Sandberg/TT

Published: 19.Jun.2019 09:12 hrs

Sweden wants to cut taxes for pensioners – here's what that means.

Taxes for pensioners in Sweden were already lowered at the turn of the year, but the centre-left coalition government now wants to cut them even further for around a million of the country's retired workers.

The proposal costs around 4.3 billion kronor ($450 million), according to Social Democrat Finance Minister Magdalena Andersson, who has submitted the proposal to various authorities for consultation. If the feedback is positive, the tax cuts will be part of the autumn budget and come into force next year.

Read full article on The Local

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