Swedish Government Submits Draft Legislation Amending Participation Exemption and Anti-Avoidance Rules

On 4 September 2015, the Swedish government submitted draft legislation to the Council on Legislation that includes changes to the country's participation exemption rules and expands the anti-avoidance rules under the Coupon Tax Act (CTA). In regard to the anti-avoidance rules, the latest proposal is changed from an April 2015 memorandum that proposed abolishing the rule under the CTA and expanding provisions of the Tax Avoidance Act to cover the CTA.

The proposed legislation is based on cha…