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Social security contributions are paid to finance the social security system. Income tax on salaries is deducted by the employer (a PAYE system) and paid directly by the employer to the Swedish Tax Agency (Skatteverket). The effective taxation rate in Sweden is commonly cited as among the highest in the world; see list of countries by tax rates.
The dual income tax was first proposed by the Danish economist Niels Christian Nielsen in 1980. He suggested that the comprehensive income tax should be replaced by a system involving a flat rate of tax on capital income - at the level of the corporate income tax rate - combined with progressive taxation of the taxpayer's total income from other sources.
62% (This consists of 40% income tax on the GBP 100k–125k band, an effective 20% due to the phase-out of the personal allowance, and 2% employee National Insurance). The marginal rate then drops to 47% for income above GBP 125k (45% income tax plus 2% employee National Insurance) [237] [238] 20% (standard rate) 5% (home energy and renovations)
The new Swedish system was fully implemented in 2003, and it has withstood the test of time. Swedish benefits have consistently increased, and their pension program has featured a surplus in all ...
The Swedish Tax Agency (Swedish: Skatteverket) is a government agency in Sweden responsible for national tax collection and administering the population registration. The agency was formed on 1 January 2004 through the merger of the Swedish National Tax Board ( Riksskatteverket ) and the then 10 existing regional tax authorities ...
[Parliamentary] Committee on Taxation [1] (Swedish: skatteutskottet) (SkU) is a parliamentary committee in the Swedish Riksdag.The committee manages and debates matters concerning state and municipal taxes and matters concerning taxation, tax payment, and, population registration, as well as matters concerning the enforcement system.
It was published starting on 3 March in the Stockholm evening tabloid Expressen and created a major debate about the Swedish tax system. The marginal tax rate above 100%, dubbed the "Pomperipossa effect", was due to tax legislation that required self-employed individuals to pay both regular income tax and employer's fees. Pomperipossa in ...
Sweden is an export-oriented mixed economy featuring a modern distribution system, excellent internal and external communications, and a skilled labor force. Timber, hydropower and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Sweden's engineering sector accounts for 50% of output and exports.