On 28 May 2009, the parliament adopted bills on tax reform based on the Tax Commission's report published on 2 February 2009). The main focus of Bill L 202, which implements the corporate taxation portion of the reform is to harmonize the taxation of dividends and capital gains on shares. Currently, shares are taxed according to realization principle which according to the draft bill was to be replaced by a mark-to-market principle concerning portfolio shares. However, the adopted bill enables a company to continue applying the realization principle when it comes to unlisted portfolio shares. In addition, the adopted bill...