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| The case for overpaying tax: Sweden the pot |
| Sweden collected 40bn Skr ($4.5bn) in overpaid tax in 2016. This seems deliberate. Since 2015 interest rates have been below 0% to stave off deflation. Yet the government was paying 0.56% in interest on overpaid tax when upon returning it to the taxpayer. Canny individuals and firms knew they were better off storing money in the form of overpaid tax, rather than watching it shrink in the bank, writes our European business correspondent |
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| South Korean politics: All Park and no bite |
| The city of Daegu gave birth to the career of Korea’s president, Park Geun-hye. Many voted for her out of gratitude for her late father, the former military dictator Park Chung-hee. But a recent scandal has stained the name of both. Shopkeepers in Daegu have removed portraits of Ms Park from their walls; her father’s birthplace was burnt down in an arson attack in December. A dynasty is fading, writes our South Korea correspondent |
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| The reign of Jeremy Corbyn: Death by election |
| Two by-elections held in Britain yesterday spell trouble for Labour. The party held Stoke Central, but lost Copeland to the Conservatives. Copeland had been held by Labour since 1935; it is the first time a government has gained a seat in a by-election since 1982. The results confirmed that Labour is stuffed under Mr Corbyn, but were not bad enough to force him out. Theresa May must be delighted, writes our British politics columnist |
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| Israel’s judiciary: All shaked up |
| This week the justice minister, Ayelet Shaked, oversaw the approval of four new Supreme Court justices. With Israel’s parliamentary opposition splintered and demoralised, it has fallen to the fiercely independent Supreme Court to hold the government of Binyamin Netanyahu to account. No wonder the institution has been in its crosshairs for years. Expect a more conservative court ahead, writes our Israel correspondent |
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