Sweden is infamous for having some of the highest taxes in the world, and yet the country’s tax agency is still one of Sweden’s most trusted institutions.
The Swedish attitude towards tax contrasts sharply with many countries where taxes can be a deeply divisive issue. We investigate what this says about Swedish society and how the popularity of the welfare state might survive growing challenges in the future.
Americans hate this one Swede trick.
I mean, its an inaccurate title.
The Swedes have had a number of popular tax revolts in living memory. The big one was back in 1979 (about the same time Americans and Brits were having their own tax revolt) when they threw out the socialist government and brought in a bunch of neoliberal reformers.
Swedes overhauled their tax code in 1985, 1991, and 1994 and then did so again in the 2004 when they abolished inheritance and gift taxes with a unanimous vote.
Until fairly recently, Sweden has been undergoing the same set of neoliberal policies common to western nations. But thanks to being a relatively small economy with an outsized O&G export market, they’ve skated by what industrial centers in the American Midwest and agg sectors in France and the UK have suffered.
Sweden isn’t a high-tax state, its a petro-state with the appearance of high taxes.
Oil and gas products account for 4.2% of Sweden’s exports. The gas exports alone almost rival those of dairy and eggs! Truly a petrostate if I ever saw one
Are you perhaps thinking of a different country?
Refined Petroleum is their single largest export, at $13B or 7% of gross exports.