Political
Economy
Sweden is not like the USA or Britiain where there is the big fear for the wealthy and millionaires or billionaire. "Pay your fair share in taxes" the slogan the Swedish government uses and various approaches have been taken to frustrate anybody who tries to avoid taxes.
In this vein, large sums of money that was hidden in Swiss banks will flow back to Sweden next year according to the prediction made by various Swedish banks and the Swedish authorities, reports Swedish business daily, Dagens Industri.
One major driver to this is the new information - sharing agreement between the two countries, which came into force in August this year, according to Dagens Industry.
The agreement signed between Switzerland and Sweden means that the Swedish Tax authority see a more far-reaching opportunities to move forward with determining those who are suspicions of tucking money away, especially the untaxed in tax havens. A team of 200 officials are now working with tasks to control the incomes and capital abroad, writes the paper.
Before this increased scrutiny started, thousands of Swedes have done the so-called voluntary corrections to the tax declaration. In that way, they have brought back stashed of money to Sweden and their corrections have taken place with both unpaid taxes and penalties.
Soon, there is going to be, probably, a tidal wave of new voluntary corrections, according to tax experts. Of the corrections that were submitted to the Tax authority from 2010 about half of it came from Switzerland, where the new and stricter contract now is putting further pressure on the "tax refugees".
Tax authority assumes that the tax which the state loses, because of money tucked away in so-called tax havens, is between Skr12 and Skr15 billion annually.
Scancomark.com Team
How Swedish tax evaders are gradually and surely bringing back that money to Sweden
Wednesday, 26 September 2012Sweden is not like the USA or Britiain where there is the big fear for the wealthy and millionaires or billionaire. "Pay your fair share in taxes" the slogan the Swedish government uses and various approaches have been taken to frustrate anybody who tries to avoid taxes.
In this vein, large sums of money that was hidden in Swiss banks will flow back to Sweden next year according to the prediction made by various Swedish banks and the Swedish authorities, reports Swedish business daily, Dagens Industri.
One major driver to this is the new information - sharing agreement between the two countries, which came into force in August this year, according to Dagens Industry.
The agreement signed between Switzerland and Sweden means that the Swedish Tax authority see a more far-reaching opportunities to move forward with determining those who are suspicions of tucking money away, especially the untaxed in tax havens. A team of 200 officials are now working with tasks to control the incomes and capital abroad, writes the paper.
Before this increased scrutiny started, thousands of Swedes have done the so-called voluntary corrections to the tax declaration. In that way, they have brought back stashed of money to Sweden and their corrections have taken place with both unpaid taxes and penalties.
Soon, there is going to be, probably, a tidal wave of new voluntary corrections, according to tax experts. Of the corrections that were submitted to the Tax authority from 2010 about half of it came from Switzerland, where the new and stricter contract now is putting further pressure on the "tax refugees".
Tax authority assumes that the tax which the state loses, because of money tucked away in so-called tax havens, is between Skr12 and Skr15 billion annually.
Scancomark.com Team
What do you think about this article? Suggest correction or join our network!
Scancomark.com
Fronpage
| Scandinvia
Today | Companies
| Market
| Competitiveness | Management
| Political Economy |
Granscole Studios > Web design Pro | > Web analysis | > Operations Management Consult | > Marketing Consult |
Support and Contact Support | Corrections | Contact Us
Connect with Scandinavian Companies and Market
Granscole Studios > Web design Pro | > Web analysis | > Operations Management Consult | > Marketing Consult |
Support and Contact Support | Corrections | Contact Us
Connect with Scandinavian Companies and Market
©
Scandinavian Companies and Market Magazine 2012. | Scandinavian
Companies and Market and Scancomark are registered trade mark of
Scandinavian Companies and Market / Granscole Establishment.