Sweden plans to cut its Corporate Tax Rate
201803.22
Off
0

Sweden plans to cut its Corporate Tax Rate

The Swedish government plans to lower corporate taxes in two stages from 22% down to 20.6%. The rate is to fall to 21.4 percent from Jan. 1, 2018 and to 20.6 percent in 2021, Finance Minister Magdalena Andersson said on Wednesday. At the same time, the intention is to take measures against aggressive tax planning…

10 reasons why you should consider expanding your business into the Nordic countries
201707.12
Off
0

10 reasons why you should consider expanding your business into the Nordic countries

Despite cultural, economical and business  differences the Nordic countries have many positive aspects in common. The choice on where to locate a business in this part of the world will naturally depend on the specific nature of the business in question. Scandicorp will happily discuss with you about the benefits of a particular country for your…

Sweden may cut corporate tax rate down to 20%
201706.21
Off
0

Sweden may cut corporate tax rate down to 20%

The Swedish government will propose a corporate tax cut to 20%, down from present 22% according to Finance Minister Magdalena Andersson and Deputy Finance Minister Per Bolund. The corporate tax rate of neighboring Finland has been 20% for some years now. The proposed changes also include limitations to the deductibility of interest payments for companies….

Sweden introduces a long awaited system for Tonnage Tax
201605.25
Off
0

Sweden introduces a long awaited system for Tonnage Tax

Yesterday the Swedish government submitted a proposal to the Parliament for a tonnage tax system that allows Swedish shipping companies to operate under competitive conditions similar to other countries in Europe. The aim of the government is to increase the competitiveness of the Swedish merchant fleet and increase the number of Swedish flagged vessels. “Tonnage…

Stockholm – The “Capital of Scandinavia”?
201605.17
Off
0

Stockholm – The “Capital of Scandinavia”?

This slogan and brand launched by Stockholm Business Region in 2005 is understandably controversial. The Danes and Norwegians call it “Typical Swedish megalomania”. Naturally, there is no such thing as a capital of Scandinavia just as there is no capital of Europe. The main arguments for Stockholm being the “Capital of Scandinavia”, according to Stockholm…

Nordea Bank launches platform for crowdfunding
201604.26
Off
0

Nordea Bank launches platform for crowdfunding

Tags: ,

Sweden’s Nordea Bank, the largest bank in the Nordic region, is launching a platform for crowdfunding where individuals can participate in the financing of unlisted companies through purchasing shares in such companies. The bank appears to be taking up the fight against startups in the fintech business. The platform is being announced today in Finland,…

201604.13
Off
0

Invest in Sweden! Economic Boom, Lower Unemployment and Increasing Exports

Tags:

Time to invest in Sweden? Yesterday, Swedish Finance Minister Magdalena Andersson raised the economic growth forecast for 2016 and predicted narrowing deficits in the coming years as an economic boom helps the nation cope with a record influx of asylum seekers. Gross domestic product will expand 3.8 percent in 2016 and 2.2 percent in 2017,…

201601.25
Off
0

Finland and Sweden top Net Impact on Global Innovation

Tags: ,

Finland and Sweden rank 1st and 2nd respectively in how its domestic policies support worldwide innovation, according to an analysis released today by the Information Technology and Innovation Foundation (ITIF), a global technology policy think tank. The findings come in a new report assessing 56 countries—which together comprise close to 90 percent of the world’s…

201601.20
Off
0

New UK-Sweden tax treaty

The UK-Sweden tax treaty, signed March 26, 2015, entered into force on December 20, 2015, HM Revenue and Customs announced January 13. The treaty replaces a tax treaty signed August 1983. The treaty will take effect in both Sweden and the United Kingdom in respect of taxes withheld at source, for amounts paid or credited…

201510.22
Off
2

Stockholm and Helsinki as the best cities for digital startups

Tags: ,

Stockholm was ranked third best followed by Helsinki as fourth best among 35 European cities for startups in a recent survey. The index released was created by UK-based innovation charity Nesta as part of the European Digital Forum. It rates cities by how well they create a supportive environment for digital companies, from local business…

201508.12
Off
1

Finland and Sweden “Sleeping Giants of Mining”

Finland and Sweden are shaping up as a new exploration frontier for mining companies, as they widen their global hunt for metals from nickel to gold, according to Sirius Resources NL. A lack of exploration around existing mines in the two nations and a natural endowment of metals mark them out as a key target,…