Sweden takes measures to tackle tax evasion, financial crimes
STOCKHOLM, Sept. 4 (Xinhua) — The Swedish government has proposed three new measurements to tackle aggressive tax planning, evasion and financial crimes, the Government Offices of Sweden said Tuesday.
The proposals include increased international automatic information exchange, new possibilities for the Swedish Tax Agency to prevent financial crimes and tighter rules against foreign companies that are registered in a low-tax country but controlled from Sweden, according to a press release from the Offices.
The tightening of the laws means that income to a Swedish owned company, that is based in a low-tax country, can be taxed regularly.
“Everyone has to pay taxes. Step by step, we make things harder for those who spend a lot of time in avoiding their duties. Now we are tightening the rules even more,” Minister of Finance Magdalena Andersson said in the press release.
During the current government’s rule, Sweden has made several legislative changes to counter tax evasion, tax exile and money laundering.
The proposals are proposed to enter into force on Jan. 1, 2019.