March 15, 2017 / 9:58 AM / 9 months ago

Sweden to introduce airline tax in 2018

STOCKHOLM (Reuters) - Sweden will put forward plans for a tax on air travel before summer and will use the revenue to lower taxes for small companies, Financial Markets Minister Per Bolund said on Wednesday.

FILE PHOTO - Per Bolund speaks during the Asian Financial Forum in Hong Kong, China January 18, 2016. REUTERS/Bobby Yip

The government said it expected to raise around 1.7 billion crowns a year starting next year from the air travel tax, which would be used to cut payroll taxes on small businesses.

“We plan to send a proposal for a tax on airline travel ... before summer,” Bolund said in a statement.

“In this way, we are creating a shift toward green taxes where we raise taxes on emissions and cut taxes on labour.”

Reporting by Simon Johnson; Editing by Daniel Dickson

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