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Sweden complains it is collecting too much tax
Negative interest rates have made some of the world's highest taxes a lot less painful as businesses and individuals race to hand cash to the state because of the relatively generous returns on offer. Data released on Wednesday showed Sweden's government generated a budget surplus of SKr85bn ($9.5bn) in 2016, with approximately SKr40bn coming from tax overpayments. The government will have to repay more than £3.5bn to businesses and individuals who purposely paid too much tax in 2016. More from Financial Times: Russia asks world powers to pay for Syria reconstruction Brussels calls for common stand against takeover ... (full story)