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Swedish tax bill on the rise

Increased prosperity meant that Swedes paid more tax in 2005, contributing SEK24 billion more than the previous year. According to new statistics, the total amount paid in tax by private individuals was SEK 548 billion in 2005, of which municipal tax accounted for SEK436 billion.

Taxable income rose by 3.8% or SEK 50.5 billion to SEK 1.379 billion, while tax on private individuals' capital gains rose by SEK 10 billion to SEK 38.5 billion. Corporate income tax also rose by SEK 20.5 billion to SEK 92 billion.

Wealth tax fell by SEK 400 million to SEK 4.8 billion and, according to a report by Swedish Radio, this levy is practically voluntary for the best-paid company directors, who have declared falling wealth although their incomes are rising. Of the 20 chief executives of Swedish listed companies, five had declared no wealth.

UK-based Securitas chief executive Tomas Berglund declared SEK 66 million in income from capital in 2004, while declaring no taxable wealth. And investor Claes Dahlbäck declared income of SEK 77 million in 2005, without declaring any wealth.

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