STOCKHOLM (Reuters) – Sweden’s main center-left opposition party, leading in opinion polls, will reverse eight years of tax cuts by raising the burden by 1 percentage point of GDP if it wins next month’s election, the likely new finance minister said.
Magdalena Andersson, the party’s economics spokeswoman and widely tipped for the finance post after the Sept. 14 vote, said taxes – including a new levy on banks and the top rate of income tax reaching around 60 percent – would be raised over two years to pay for more welfare spending.
GOTHENBURG, Sweden, Aug 18 (Reuters) – With headlights
shaped like Thor’s hammer and space for a humidity-controlled
cigar case, Volvo’s new cars are sporting luxury features and
designer glitz to catch the eye of the booming Chinese market
and shed their safe-but-dull skin.
The XC90 SUV launch on Aug. 26 will be make or break for a
company moving into a premium market dominated by German rivals.