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Swedish Social Democrats backing down on new property taxes proposal but fully


   political-economy




Thursday, 21 April 2011
The Social Democrats are now saying coiling in their pursuant of the issue of a new property tax - after what they claim to be ‘considerable thought and investigation’. But could this signal Social Democrats cooling on radical tax increase in the future?

For now, what a sigh of relief and the thought that the Social Democratic Party of Sweden is likely changing and also listening to it base.
"We have come to the conclusion that it must take strong cross-bloc agreement to amend the property tax issue.  Accommodation is the biggest investments for households, as such these taxes cannot just be changes as soon as one changes the majority, "said Tommy Waidelich, Social Democratic economic policy spokesman.

The announcement came after the executive committee held talks for two days. The Red-Green coalition agreement for the election last fall saw the parties pledging to want to have an extra tax for the most expensive real estates, a line Social democrats are now abandoning.

Waidelich also added that this is also influence by their research and analysis which show that it will not be a popular policy.

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By the start of April, the new party leader H�han Juholt said that the Social Democrats will look into the possibility of strengthening property tax reform.  And according to Waidelich Social Democrats can still be interested in discussing the matter with the ruling bourgeois coalition.
"We are open for calls for a cross-bloc agreement.”

The Social Democrats are out to review taxes as the party still want to view ways to taxing people more. Already they are hotly arguing that the government’s tax deduction for home support be scrapped. They claim that the tax had just been a benefit for the rich and have not created significant amount of jobs.  It was said recently that they will let that go but now that they want to slow down on property taxation, there might be noises emerging on the side of tax reduction for domestic chores.
By Scancomarks.se Team


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