Magdalena Andersson steps down hours after becoming Sweden's first woman leader


Tim Stickings
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Magdalena Andersson, the newly elected Swedish prime minister, resigned on Wednesday — hours after she was appointed — when her coalition partners, the Greens, quit the government.

Ms Andersson was appointed Sweden’s first woman prime minister, taking office with pledges to tackle gang crime and preserve the country’s cherished welfare state, and stepped down after a parliamentary defeat over the proposed budget.

The politician said she was ready, however, to try again to become the next prime minister in the tightly split Parliament.

“I understand that this may look very messy and what has happened is completely unique,” Ms Andersson said.

How coalition crumbled

Ms Andersson, 54, had won a vote in Parliament and formally assumed power on Friday.

It was the final hurdle to the premiership after she was elected leader of the Social Democratic Party, the largest group in the Riksdag.

She won support from green and left-wing groups in the Swedish Parliament after promising to help struggling pensioners and make the country a model in climate policy.

Another bloc, the Centre Party, said it would allow Ms Andersson's confirmation to pass to prevent a right-wing government from taking power with support from the populist Sweden Democrats.

With 117 votes for Ms Andersson, and 57 abstentions, she met the requirement of there being no majority against her.

But the Centre Party said it would not support a budget tabled by Ms Andersson's partners, clouding the picture for the new government.

Magdalena Andersson, right, was finance minister under departing leader Stefan Lofven, left. AP
Magdalena Andersson, right, was finance minister under departing leader Stefan Lofven, left. AP

What comes next

Ms Andersson has not ruled out continuing in the prime minister role of a minority government or in a renewed coalition.

“For me, it is about respect, but I also do not want to lead a government where there may be grounds to question its legitimacy,” Ms Andersson said after stepping down.

Even though the Green Party pulled its support for her government, it said it is prepared to support her in a new vote for the next prime minister.

But the Greens also defended their decision not to approve the coalition budget, the move that led to Ms Andersson's resignation.

Ms Andersson was finance minister under Stefan Lofven, who announced in August that he would not lead the Social Democrats into the 2022 election.

Sweden's strong finances have been credited with helping it weather the Covid-19 pandemic, in which it has broken ranks with most of Europe by shunning lockdowns and putting little emphasis on face masks.

She has pledged to leave “no stone unturned” to put a stop to gangland violence, with authorities having reported that Sweden is the only country in Europe with steadily rising gun deaths.

Gang violence has killed dozens of people this year, with rival mobsters using guns and explosives to settle scores.

“We need a full-scale mobilisation to regain control from gangs that are holding entire neighbourhoods hostage,” she said last month.

Although Sweden has long championed gender equality, it was the only Nordic country which had not previously had a woman prime minister.

“A glass ceiling has cracked and Sweden has a new excellent and strong prime minister. A great day,” said Ylva Johansson, the country’s European commissioner.

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If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

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3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

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7. Limited time periods for audits

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9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Guide to intelligent investing
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Globalization and its Discontents Revisited
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W. W. Norton & Company

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Goalkeepers Henderson, Johnstone, Pickford, Ramsdale

Defenders Alexander-Arnold, Chilwell, Coady, Godfrey, James, Maguire, Mings, Shaw, Stones, Trippier, Walker, White

Midfielders Bellingham, Henderson, Lingard, Mount, Phillips, Rice, Ward-Prowse

Forwards Calvert-Lewin, Foden, Grealish, Greenwood, Kane, Rashford, Saka, Sancho, Sterling, Watkins 

The National photo project

Chris Whiteoak, a photographer at The National, spent months taking some of Jacqui Allan's props around the UAE, positioning them perfectly in front of some of the country's most recognisable landmarks. He placed a pirate on Kite Beach, in front of the Burj Al Arab, the Cheshire Cat from Alice in Wonderland at the Burj Khalifa, and brought one of Allan's snails (Freddie, which represents her grandfather) to the Dubai Frame. In Abu Dhabi, a dinosaur went to Al Ain's Jebel Hafeet. And a flamingo was taken all the way to the Hatta Mountains. This special project suitably brings to life the quirky nature of Allan's prop shop (and Allan herself!).

BUNDESLIGA FIXTURES

Friday (all kick-offs UAE time)

Hertha Berlin v Union Berlin (10.30pm)

Saturday

Freiburg v Werder Bremen (5.30pm)

Paderborn v Hoffenheim (5.30pm)

Wolfsburg v Borussia Dortmund (5.30pm)

Borussia Monchengladbach v Bayer Leverkusen (5.30pm)

Bayern Munich v Eintracht Frankfurt (5.30pm)

Sunday

Schalke v Augsburg (3.30pm)

Mainz v RB Leipzig (5.30pm)

Cologne v Fortuna Dusseldorf (8pm)

Brief scoreline:

Tottenham 1

Son 78'

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UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

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Billie Holliday: for the burn and also the way she told stories.  

Thelonius Monk: for his earnestness.

Duke Ellington: for his edge and spirituality.

Louis Armstrong: his legacy is undeniable. He is considered as one of the most revolutionary and influential musicians.

Terence Blanchard: very political - a lot of jazz musicians are making protest music right now.

Updated: November 25, 2021, 5:18 AM