From tax year 2009, Finland applies an amended controlled foreign company (CFC) legislation (Laki ulkomaisten väliyhteisöjen osakkaiden verotuksesta 16.12.1994/1217). The main amendments are summarized below: -   the minimum holding amount is increased from 10% to 25%. CFC legislation may therefore apply if a resident of Finland (individual or company), holds directly or indirectly at least 25% of the capital or the yield of the assets of the entity; -   the scope of the legislation is widened to include permanent establishments (PEs), if (i) the PE would fall under the CFC legislation were it to have been established as...