This is a positive story. With wage growth and interest rates flat around the world, people are becoming resourceful in ways to reduce, reuse, recycle, spend less and save more. This movement is part of the healing process for households (and the planet). Not so much for those banking on ever escalating consumption…See: Tax incentives to repair-not replace-broken objects. Repair manuals used to come with all products. They are now making a comeback.
Sweden is introducing two new tax breaks at the start of 2017 — a cut in sales tax for repairs on small objects, and a tax refund for appliance repair costs.
“It’s part of a greater strategy for introducing sustainable patterns of consumption in Sweden,” The Current’s guest host Piya Chattopadhyay. And it’s not happening only in Sweden. Here is a direct audio link.
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