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Tag: #Sweden

Sweden, plan to combat tax evasion

Taxation. Sweden

Sweden announced that tax consultants should be obliged to inform the Swedish tax authority for tax planning schemes in the framework of the action plan to combat tax evasion, it also urges companies to preserve their own taxation policies at the board level. According to the Government, the introduction of the obligation for tax advisors can help the tax authorities to respond more quickly and close the scheme of tax evasion. This idea is part of the plan to combat tax evasion which encourages companies to tax issues on the agenda of board meetings. "Corporations should make tax policy and the system of internal control to ensure that the actions taken by corporate management,consistent with the opinion of the board on tax policy directors," according to the plan. The plan also calls for a review of the value added tax (VAT), as well as more effectively patrol the VAT system. Sweden also intends to launch an investigation into the effectiveness of penalties for incorrect tax returns. In addition, in order to counter the "informal" economy and the use of temporary labor the Government intends to seek the introduction of registers of staff in several...