Swedish state pension fund caught in a snare - has invested EUR 47 million in tax haven on EU blacklist

The EU has just blacklisted a tax haven in the Cayman Islands. Swedish state pension fund AP4 has half a billion SEK invested there and the fund has no plans in place to recover the money.

Photo: Thomas Borberg

Swedish state pension fund AP4 has invested in five venture funds legally registered on the Cayman Islands – one of four tax havens now blacklisted by the EU.

According to Swedish business daily Dagens Industri, the total amount invested in the funds by AP4 is SEK 498 million (EUR 47 million).

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