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Proposed changes to corporate taxation in upcoming Budget for 2009

07 October 2008

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Proposed Changes

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Sweden

On 8 September 2008, the Government announced certain measures included in the Budget for 2009. The Budget will be presented to the parliament on 22 September 2008. The main corporate tax amendments are summarized below: -   a reduction in the corporate tax rate from 28% to 26.5%; -   the introduction of a limitation on the interest deduction available to affiliated companies; -   amendments to the rules on tax avoidance applicable to partnerships, concerning transfers of assets and valuation of inventories; -   a 1% reduction in the social security contributions rate, giving a new total rate of...