Sweden: Proposed tax on financial activity is withdrawn | KPMG | GLOBAL
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Sweden: Proposed tax on financial activity is withdrawn

Sweden: Proposed tax on financial activity is withdrawn

The Swedish government on 24 February 2017 announced that it will not proceed with a proposed tax on financial activity. The governing political parties agreed to consider further another tax, one more specifically aimed towards banks.


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Among the reasons given for withdrawal of the proposed financial activity tax included negative reactions and a risk for adverse implications on pensions and ”fin tech” companies. The government also announced that a proposal for increasing the ”resolution fee” that banks contribute to the government resolution fund would be referred for consideration. 


Read a February 2017 report prepared by the KPMG member firm in Sweden

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