GOVERNMENT: RAISING THE TAXATION OF INVESTMENT SAVINGS ACCOUNT – Dagens Industri

GOVERNMENT: RAISING THE TAXATION OF INVESTMENT SAVINGS ACCOUNT

                  2015-03-27 13:20
             

 STOCKHOLM (AFX) The government raises the taxation of savings on investment savings account and endowment
  It said Finance Minister Magdalena Andersson and Minister for Financial Per Bolund at a press conference on Friday.
  The Government notes that the taxation of savings on investment savings account and endowment based on a standard return that meets government borrowing.
  The return on the types of assets that can be stored in the accounts exceeds However, government borrowing, which means that savings is tax-favored relative to conventional capital taxation.
  In recent years, sharply declining state loan interest savings arrangements made even more favored. For the flat-rate yields better reflect the actual return is suggested that the standard yield is calculated by dividing the capital base multiplied by the government lending rate increased by 0.75 percentage points.
  "For it to not be too low at a very low government borrowing should  be standardized returns, however, is estimated to be less than 1.25 percent of the capital base," the Treasury said in a statement.
  The proposal is expected to increase tax revenues by 2 billion in 2016. 

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