Finance Minister Magdalena Andersson has signalled an increase in environment taxes in the autumn budget but a number of proposed tax cuts will be delayed. Nordea chief economist Annika Winsth is highly critical of the way in which the green tax shift is being implemented, saying the measures are inadequate.
In order to accelerate the transition, companies need to be involved, and then it is about developing long-term instruments that really make a difference.
“Other countries in Europe, such as France, have come much further on these issues. Global, long-term thinking is key. In Sweden, there is a lot of political symbolism and as a government you need to have far greater ambitions than that,” she remarks.
Tax shifting should include balancing taxation levels to be revenue-neutral, so voters are likely to feel they have been conned if this does not happen, warns the economist.
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