Swedish parliament votes down bill to cap welfare firms' profits

AcadeMedia AB

07/06/2018 15:08

STOCKHOLM, June 7 (Reuters) - Sweden's parliament on
Thursday voted down a bill to cap profits for companies working
in the tax-funded welfare sector with opposition parties uniting
against the minority centre-left government.
    In January, the government of the Social Democrats and
Greens proposed to limit profits for tax-funded private schools
and elderly care providers to seven percent of operating capital
plus the return on government bonds. urn:newsml:reuters.com:*:nL8N1PE2MZ urn:newsml:reuters.com:*:nL8N1JW25L
    Such a cap would hit education firms like as Academedia
 ACADE.ST  and Engelska Skolan  ENG.ST  but also several private
equity-owned firms.
    The government had also planned to cap profits made by
tax-funded healthcare companies, but dropped that part of the
proposal earlier. urn:newsml:reuters.com:*:nL8N1O30NP

 (Reporting by Johan Sennero)
 ((Johan.Sennero@thomsonreuters.com; +4687001250; Reuters
Messaging: johan.sennero.reuters.com@reuters.net))