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IKEA, Sweden, and the inheritance tax: lessons for the US
by Magnus Elhardt - No CommentsPosted on March 18th, 2010 10:45 am
Five years ago, Sweden's economy was in a recession. Unemployment was soaring, and entrepreneurs were moving overseas with their countries. One big part of the Swedish solution was the repeal of their inheritance tax. Did the move pay off for Sweden? The data says yes, and the media has even reported that is is unfortunate that they didn't do it sooner.
Anders Ydstedt of Scantech Strategy Advisors in Malmo, Sweden teams up with Dick Patten of AFBI to tell the story of how Sweden repealed its Death Tax and how the U.S. would benefit from following its example in their Christian Science Monitor piece.
Sweden is by no means known as a tax paradise, so when Sweden cuts taxes, we should pay attention. This lesson on the impact of their inheritance tax on jobs and entrepreneurship is worth studying as the U.S. debates the estate tax issue in the coming months.
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Contact Congress
Have you told the 112th Congress to Repeal the Death Tax?
- ATR & AFBI: End Punitive Tax on Hardworking Hoosiers
Fri, Dec 14, 2012 - Tax Coalition Calls on Tennessee Governor Bill Haslam to Quickly Repeal Inheritance Tax
Fri, Dec 14, 2012 - AFBI: This Bill is a Matter of Survival
Thu, Dec 13, 2012
- A Score of the Death Tax Repeal Permanency Actby Stephen J. Entin, April 2011
- The Cost of Compromise: Impact of the 2011-2012 Estate Tax by Anthony Davies, December 2010
- Life Insurance Cash Cow: An Issue Brief on the Hidden Side of Estate Tax Lobbying by Tim Carney & Dick Patten, November 30, 2010
- Growth Consequences of Estate Tax Reform, by Dr. Douglas Holtz-Eakin and Cameron Smith, American Family Business Foundation, September, 2010
The Death Tax fight will soon be decided in the halls of Congress by your representatives. AFBI is leading the fight for repeal in Washington, but we cannot do it alone.