Once known as Europe’s socialist paradise, Sweden still has one of the world’s highest top income tax rates (57 percent). But likethe US, it no longer has an inheritance tax, or what Americans commonly refer to as the estate or “death” tax. The Swedish Parliament abolished its inheritance tax in late 2004. At the time, Parliament was controlled by a coalition of the socialist, green, and communist parties, not the current center-right Alliance for Sweden.

I wrote this article together with Dick Patten, the president of the American Family Business Institute in Washington.

Read the article hear.