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September 24, 2016 02:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/pagvpukx57E/from-bicycles-to-washing-machines-sweden-to-give-tax-breaks-for-repairs
From Bicycles To Washing Machines: Sweden To Give Tax Breaks For Repairs
jenningsthecat writes: The Swedish government is putting its money where its mouth is when it comes to encouraging the repair of stuff that would otherwise be thrown away, according to both The Guardian and Fast Company. The country's Social Democrat and Green party coalition have submitted proposals to Parliament that would reduce the value-added-tax (VAT) on bicycle, clothing, and shoe repairs from 25% to 12%. Also proposed is an income tax deduction equalling half the labor cost of repairing household appliances. According to The Guardian, "the incentives are part of a shift in government focus from reducing carbon emissions produced domestically to reducing emissions tied to goods produced elsewhere." Per Bolund, Sweden's Minister for Financial Markets and Consumer Affairs, said the policy also tied in with international trends around reduced consumption and crafts, such as the "maker movement" and the sharing economy, both of which have strong followings in Sweden. The VAT cut may create more jobs for immigrants as it could spur the creation of a new home-repairs service industry. Also, from a science standpoint, the incentives could help cut the cost of carbon emissions on the planet as it should in theory reduce emissions linked to consumption. "I believe there is a shift in view in Sweden at the moment. There is an increased knowledge that we need to make our things last longer in order to reduce materials' consumption," Bolund said. The Guardian's report concludes: "The proposals will be presented in parliament as part of the government's budget proposals and if voted through in December will become law from January 1, 2017."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/pagvpukx57E/from-bicycles-to-washing-machines-sweden-to-give-tax-breaks-for-repairs
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