The strange case of the Swedish taxpayer

Follow this link if this email is not displaying correctly DAILY BULLETIN Tuesday 28 February 2017 The strange case of the Swedish taxpayer by Filipe R Costa | Economics | 5 mins. to read In general, taxpayers try to minimise their contributions to the government budget, either by optimising their tax rate or through trying to delay payments wherever they can. But something strange seems to be happening in Sweden. The country seems to have been gripped by some form of mania that has led the taxpayer to overpay on his financial obligations to the government. In 2016, instead of generating a budget surplus of Skr.45bn (£4.0bn), the Swedish government accumulated Skr.85bn (£7.5bn) as businesses and individuals paid Skr.40bn (£3.5bn) in excess taxes. Consequently, the government no longer needs to tap markets to finance its expenses, as it is instead being financed by the taxpayer. How generous! While excess payments must, at some point, be returned to the taxpayers, the money is available for the government to spend it elsewhere for some time. Click here to read the full story LATEST STORIES FROM OUR BLOG The managers and Boards that have real skin in the game by Nick Sudbury | Funds | 5 mins. to read As an investor it is always reassuring to know that the fund manager and members of the Board have significant amounts of their own money invested alongside you.   Click here to read the full story Meggitt: Multiple technical triggers target 520p plus by Zak Mir | Trading | 1 min. to read The only negative in what is apparently a glorious bull situation at Meggitt (MGGT) is whether it's better to travel than arrive?   Click here to read the full story Frontera Resources: Rebound above former resistance by Zak Mir | Trading | 1 min. to read One of the reasons for thinking that the good times are finally returning to the small caps space is the positive newsflow and stock market reaction at Frontera Resources (LON:FRR).   Click here to read the full story Downfall: Mr Juncker in his Bunker by Victor Hill | Economics | 5 mins. to read In his final days as ruthless EU dictator, the Leader made a series of cataclysmic blunders, based largely on a misreading of the strategic situation.   Click here to read the full story I sense litigation on the way by Evil Knievil | Evil Diaries | 2 mins. to read Suitably instructed, I begin by apologising to Liverpool and promise never to do it again – that's for whatever it was I did, not for the apology. I am resigned to the latter in perpetuity.   Click here to read the full story QUOTE OF THE DAY "How many things we held yesterday as articles of faith which today we tell as fables."                                                 Michel de Montaigne SPECIAL OFFER FOR OUR SUBSCRIBERS MASTER INVESTOR VIDEO EXCLUSIVE LATEST EDITION OUT NOW SyndicateRoom - Invest with the pros Time to short Google? - Jim Mellon thinks so... Tom Stephenson's big four - Four funds to exploit global trends in 2017 The twilight of the bankers - And the rise of the fintech usurpers AIM IPO superstars - The new issues making waves for investors Click here to download as PDF   Click here to read online Master Investor Ltd. Suite 88, 22 Notting Hill Gate London, W11 3JE T: +44 7515 542707 E: swen@masterinvestor.co.uk Share the newsletter: Follow us: Copyright © 2017 Master Investor Ltd, All rights reserved. Master Investor is a trading name of Master Investor Ltd. Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such descision. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news. Want to change how you receive these emails? Why did I get this | Unsubscribe from this list | Update subscription preferences