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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.
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
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 ...
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.
The Swedish–American Treaty (1827) was a treaty signed between the Kingdoms of Sweden and Norway and the United States on July 4, 1827. [ 1 ] It governed commercial relations between the US and Sweden and Norway (later Sweden) until 1919, when the US revoked the treaty.
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 ...
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