Swedish Government to Cut Marginal Tax Rate for Top Earners (1)

Sweden’s government pledged to lower marginal tax rates to benefit higher earners from next year as part of a spending boost to help the largest Nordic nation’s faltering economy.

The reform extends tax deductions across higher income groups at a cost some 4.7 billion kronor ($460 million), aiming to increase productivity and motivate people to educate themselves for more qualified roles, Finance Minister Elisabeth Svantesson said in an op-ed in the business daily Dagens Industri.

The announcement is part of a package that the center-right cabinet had prepared to introduce already this year, but was postponed to avoid the risk ...