Bloomberg News

Sweden Proposes Higher Tax on Owners in Private Equity Funds

March 29, 2012

The Swedish Finance Ministry proposed to raise the tax on some income from carried interest on owners in private equity funds, according to an e-mailed statement today.

According to a draft, income up to about 5 million kronor ($750,000) will be from Jan. 1, 2013 taxed as normal income while earnings above will be taxed as capital gains at the rate of 30 percent.

The changes will affect 100 to 200 individuals and raise income tax intake by about 100 million a year, the ministry said in the proposal.

The Swedish private equity sector is the second-biggest in Europe as a share of GDP, the ministry said, with 180,000 people employed in 2010.

To contact the reporter on this story: Kim McLaughlin in Stockholm at

To contact the editor responsible for this story: Tasneem Brogger at

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