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Thursday 20 November, 2008
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Sweden no longer has world´s highest tax burden
Sweden has long had the reputation of having the highest taxes in the world.

But those times have past. Denmark has now taken over as the country with the highest tax burden, according to Swedish website E24 and Danish newspaper Dagbladet Börsen. Based on figures taken from the tax authorities in both countries, Danes now have a tax burden of 48.4 percent, compared to 47.8 percent for Swedes.

Danish tax minister Kristian Jensen told the newspaper that recent tax cuts in Sweden also affect Danes and projects that employment taxes in Denmark will be lower by 2011 than they are today. But Jensen couldn´t promise that the overall tax burden in Denmark would be lower as well.

Source: The Local

Updated: 20080331