Bank Tax Is Slammed in Sweden as Competition Watchdog Weighs In

Bloomberg is writing about the proposed bank tax stating that "the Swedish Competition Authority is warning the government that a proposed 15 percent tax on payrolls risks putting banks and insurers at a competitive disadvantage compared with their peers outside Sweden." Magnus Henrekson, IFN, is quoted saying that “If there’s extreme pressure from the consultative bodies so they can show that this will create big problems,” then the government “may not do it.”