Sweden Social Democrats will end tax cuts if they win election


  • World
  • Thursday, 08 May 2014

Stefan Lofven attends a news conference in Stockholm January 26, 2012. REUTERS/Jens L'estrade/Scanpix

STOCKHOLM (Reuters) - Sweden's Social Democrats, once known for charging some of the world's highest taxes, will reverse the country's recent decline in taxes - but not by too much - if they win the general election in September.

Opposition leader Stefan Lofven, head of the party that moulded Sweden's famed cradle to grave welfare state, said he had no target for tax rises but Sweden now needed more funds to invest in social policies after years of cutting back taxes.

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