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New Finnish Government Tax Plans to Fund Additional Spending

05 June 2019

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Proposed Changes

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Finland

Finland's newly formed center-left government is reportedly planning a number of tax measures to raise an addition EUR 730 million in tax revenue to fund increased spending. This includes reducing tax credits for individuals, increasing taxes on gasoline, diesel fuel, tobacco and nicotine products, and soft drinks, introducing a sugar tax, introducing a mining tax, and abolishing the EUR 22 low-value import exemption for goods imported from non-EU countries. The government is also studying possible measures to reduce international tax planning and avoidance, broaden the corporate tax base, and tax dividends and real estate gains of foreign funds and other...