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A Stockholm School of Economics study finds that Sweden's 2004 abolition of…
Brief
A Twitter post by @martinvars cites a Stockholm School of Economics study showing Sweden's 2004 abolition of inheritance tax boosted investment, profits, wages and tax payments in family firms with heirs — even lifting corporate tax receipts. Citing Tim Dier's CapX piece, the post urges the UK to scrap IHT and contrasts 'the left' with pro-growth priorities.
Why it matters
A Stockholm School of Economics study finds that Sweden's 2004 abolition of inheritance tax increased investment, profits, wages and tax payments in family firms with heirs, and reportedly raised corporate tax receipts.
Key details
- Tim Dier (cited by @martinvars) uses the study to argue the UK should scrap Inheritance Tax (IHT), calling IHT 'damaging growth', publishing a CapX piece and framing opponents as 'the left' seeking to confiscate wealth.