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New Swedish government to cut income taxes by euro4 billion

New Swedish government to cut income taxes by euro4 billion

Sweden's new center-right government will slash income taxes by 37 billion kronor (euro4 billion; US$5.1 billion) in 2007 and push for further expansion of the European Union, Prime Minister Fredrik Reinfeldt said Friday.
Sweden will become a driving force in EU cooperation and step up its commitment to international peacemaking efforts, Reinfeldt said in his government declaration to Parliament.
The government, which takes office Friday, will also work toward alleviating world poverty and protect human rights, Reinfeldt said, singling out the Darfur crisis as "one of the biggest humanitarian catastrophes of our time."
Reinfeldt, 41, led a center-right alliance to victory in the Sept. 17 parliamentary election, ending 12 years of Social Democratic rule in Sweden.


Updated : 2021-02-28 12:32 GMT+08:00