Risk Tax for Credit Institutions, etc.

The party programme wants the state to act strategically so that capital, and banks especially, do not sit in unreasonable positions of power, and that tax levels increase above all on large fortunes and capital. A temporary tax on banks' extraordinary net interest margins when household finances are strained is a direct expression of that distribution policy. The plan does not mention such a tax by name, which is why the position is derived from the commitments on banks and taxes.

• curb banks' power positiondecisive»Staten behöver agera strategiskt för att kapitalet inte ska sitta på« (party programme ↗)“The state needs to act strategically so that capital does not sit on”
• increased taxes on capital»att behöva öka igen, framför allt på stora förmögenheter, fastigheter,« (party programme ↗)“need to increase again, above all on large fortunes, properties,”
• capital should contribute more»Vänsterpartiet har en skattepolitik som ser till vilka behov som finns och där de med stora kapitaltillgångar eller höga löner får bidra mer till välfärden än de gör idag.« (2022 manifesto ↗)“The Left Party has a tax policy that looks at what needs exist and where those with large capital assets or high salaries contribute more to welfare than they do today.”
• democratised banking system»På sikt bör bankväsendet i sin helhet« (party programme ↗)“In the long term, the banking system as a whole should”

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.

The party programme explicitly advocates taxes on financial activities as an instrument against short-termism in the financial sector and requires progressive taxes according to ability to pay. The election manifesto also wants to introduce an emergency tax for the very richest and direct support to those hardest hit by price increases. A temporary tax on banks' excess net interest income aligns with these commitments, even though this particular tax is not mentioned.

• tax on financial activitydecisive»En global skatt på finansiella aktiviteter eller transaktioner är ett sådant instrument« (party programme ↗)“A global tax on financial activities or transactions is such an instrument”
• emergency tax for the richest»Vi vill införa en beredskapsskatt för de allra rikaste« (2022 manifesto ↗)“We want to introduce an emergency tax for the very richest”
• tax according to ability to pay»Skatterna ska vara progressiva och tas ut efter bärkraft« (party programme ↗)“Taxes shall be progressive and levied according to ability to pay”
• support for squeezed households»Stöd till de som drabbas hårdast av prisökningarna« (2022 manifesto ↗)“Support for those hardest hit by price increases”

The election manifesto wants those with the most money to contribute more to welfare through progressive taxation of capital, and the party programme wants to counter greed and speculation, see a tax on certain financial transactions, and reduce economic inequality. A temporary tax on the part of banks' net interest income that far exceeds the historical average therefore aligns with the plan.

• capital shall contribute moredecisive»att de med mest pengar, som också orsakar större utsläpp, ska bidra mer till omställningen och välfärden genom en progressiv beskattning av kapital.« (2022 manifesto ↗)“those with the most money, who also cause greater emissions, shall contribute more to the transition and welfare through progressive taxation of capital.”
• counter financial greed»Girighet, överskuldsättning och spekulation ska motverkas.« (party programme ↗)“Greed, over-indebtedness and speculation shall be countered.”
• tax on financial transactions»Vi vill se en skatt på« (party programme ↗)“We want to see a tax on”
• reduced inequality»De ekonomiska klyftorna ska minska.« (party programme ↗)“Economic inequality shall decrease.”

The plan promises that the total tax burden shall come down and that the party will not participate in tax increases that harm employment, savings or housing costs. A new temporary tax on banks' net interest is such a tax increase and conflicts with the requirement for competitive taxes. With inflation down and interest rates lowered, the crisis argument is also weaker. The plan therefore speaks against the requirement.

• no tax increasesdecisive»Det totala skattetrycket måste ner nästa mandatperiod. Vi kommer inte att medverka till några skattehöjningar som skadar jobben, det egna sparandet eller gör det dyrare att bo.« (2022 manifesto ↗)“The total tax burden must come down next term of office. We will not participate in any tax increases that harm employment, personal savings or make housing more expensive.”
• low tax on business»Skattebördan på jobbskapande i företag ska göras så liten som möjligt.« (party programme ↗)“The tax burden on job creation in companies shall be made as small as possible.”
• competitive taxes»Våra skatter behöver vara globalt konkurrenskraftiga, stimulera till innovationer och entreprenörskap« (party programme ↗)“Our taxes need to be globally competitive, stimulate innovation and entrepreneurship”
• order in public finances»Det finanspolitiska ramverket ska värnas och förstärkas, och Sveriges långsiktiga ekonomiska stabilitet ska försvaras.« (2022 manifesto ↗)“The fiscal policy framework shall be protected and strengthened, and Sweden's long-term economic stability shall be defended.”

Worldstate weighed in: Inflation down to 1.3 per cent and the policy rate lowered to 2.25 per cent — The argument that households are under severe pressure and that a temporary bank tax is needed is weakened

The plan wants tax policy to favour the wealth-creating forces, is simple and transparent, and that the corporation tax continues to decrease. A temporary extra tax on banks' interest income is the opposite: a new, temporary and selective profit tax that makes the system less predictable. The plan explicitly turns against the row of tax increases.

• simple and growth-friendly tax policydecisive»Skattepolitiken ska gynna de välståndsbildande krafterna, vara så enkel och transparent som« (party programme ↗)“Tax policy shall favour the wealth-creating forces, be so simple and transparent as”
• decreased corporation tax»bolagsskatten fortsätta sänkas och enhetligheten i kapitalinkomstbeskattningen öka.« (party programme ↗)“corporation tax continue to decrease and unity in capital income taxation increase.”
• competitive taxes»Sveriges skattenivåer ska vara konkurrenskraftiga och lättförståeliga för att uppmuntra till företagande, utbildning och investeringar.« (2022 manifesto ↗)“Sweden's tax rates shall be competitive and easy to understand to encourage entrepreneurship, education and investments.”
• no to more tax increases»47 skattehöjningar har det hunnit bli på bara åtta år.« (2022 manifesto ↗)“47 tax increases has it managed to become in just eight years.”

The plan requires that taxation be designed according to established tax law principles such as tax according to ability to pay and equal treatment. A temporary extra tax directed at a single industry on net interest breaks the equal treatment principle. The plan also requires competitive capital taxes and long-term rules for businesses.

• equal treatment in taxationdecisive»andra former av beskattning får inte urholka äganderätten och ska utformas enligt vedertagna skatterättsliga principer som skatt efter bärkraft och likabehandling.« (party programme ↗)“other forms of taxation must not erode the right to property and should be designed according to established tax law principles such as tax according to ability to pay and equal treatment.”
• competitive capital taxes»Kapitalskatterna måste därför vara konkurrenskraftiga.« (party programme ↗)“Capital taxes must therefore be competitive.”
• long-term rules for businesses»Det är viktigt att de regler staten ställer upp för« (party programme ↗)“It is important that the rules the state sets up for”
• tax must not drive away capital»driver människor och företag ut ur landet.« (party programme ↗)“drive people and businesses out of the country.”

The plan promises a tax increase cap that means total taxes are not raised, and states that more tax is not a solution in a country with already very high tax pressure. The counter-proposal demands a new temporary tax on banks' net interest, that is, a tax increase. The plan instead wants to strengthen incentives for investment through lower taxes.

• tax increase capdecisive»Införa ett skattehöjarstopp under den kommande mandatperioden som innebär att de samlade skatterna inte höjs« (2022 manifesto ↗)“Introduce a tax increase cap during the coming parliamentary term that means total taxes are not raised”
• no new tax increases(2022 manifesto)
• lower business tax»Stärka drivkrafterna för investeringar, forskning och entreprenörskap, genom lägre skatter på företagande« (2022 manifesto ↗)“Strengthen incentives for investment, research and entrepreneurship through lower taxes on business”
• order in state finances»Statens finanser ska vara starka.« (party programme ↗)“The state's finances shall be strong.”

Worldstate weighed in: Inflation down to 1.3 percent and the policy rate cut to 2.25 percent — The counter-proposal's premise of acutely pressured households is weaker, which further weakens the reason for a temporary extra tax

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The plan establishes that tax policy shall aim at competitive taxes that do not deviate too much from the rest of the world, especially taxes on companies. A new temporary punitive tax on banks' net interest income goes in the opposite direction. The plan moreover assumes that the foundation of welfare is created in companies and that better-designed taxes over time increase tax revenues.

• competitive corporate taxationdecisive»Skattepolitiken måste därför syfta till konkurrenskraftiga skatter som inte avviker för mycket från omvärlden, framförallt de skatter som läggs på företagen.« (2022 manifesto ↗)“Tax policy must therefore aim at competitive taxes that do not deviate too much from the rest of the world, especially taxes on companies.”
• taxes must not hinder companies»Ha skatter på en nivå som inte hämmar svenska företag i den internationella konkurrensen« (2022 manifesto ↗)“Have taxes at a level that does not hinder Swedish companies in international competition”
• lower taxes create growth»Sänkta eller bättre utformade skatter kommer i många fall att på sikt öka skatteintäkterna eftersom en sådan politik leder till ökad tillväxt.« (2022 manifesto ↗)“Lower or better-designed taxes will in many cases over time increase tax revenues because such policy leads to increased growth.”
• companies bear welfare»Grunden för välfärden skapas i företagen.« (2022 manifesto ↗)“The foundation of welfare is created in companies.”