Economics
Sweden Ready to Adjust Bank-Tax Plan After Barrage of Criticism
- Minister in charge says he’s taking criticism ‘very seriously’
- Government says a bank tax will help finance Swedish welfare
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The minister in charge of Sweden’s bank laws responded to massive criticism of a planned financial tax, signaling the government is ready to make adjustments before putting forward a final proposal.
“You can’t deny that there’s been a lot of criticism against this proposal and we of course take that very seriously,” Per Bolund, Sweden’s financial markets minister, said in a brief interview on Tuesday, after Bloomberg News reported that the country’s competition watchdog characterized the planned levy as problematic in its current form.