The Finnish government has called for the country to take stock of recent tax cuts before the three-party governing coalition begins to consider further tax cuts in the years ahead.
Responding to cut-throat tax competition from nearby Estonia, the government has already reduced the country’s tax burden by over EUR1 billion in a bid to halt the flow of firms seeking lower tax rates on the opposite shore of the Gulf of Finland.
Moreover, the government already has plans to reduce the tax burden further with corporate and capital income tax cuts worth another EUR500 million, pencilled in for next year.
"Moving a possible decision on taxes to the autumn or early 2005 is justified, because tax politics would then be on the government's desk for the coming labour market talks," observed Finance Minister Antti Kalliomaki in a speech last weekend.
The Finnish economy is widely expected to experience growth this year, with the government’s budget likely to remain in surplus.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment