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Finland: Finnish tax framework for 2013-2014

01 May 2012


Janne Juusela

The Finnish government has agreed on the budget framework for the next two years. To balance the state economy, the government has decided on economic measures worth €2.7 billion ($3.5 billion). €1.5 billion of the total amount will be raised by straining taxation and €1.2 billion by cutting expenses. The government has also agreed on a supplementary budget which includes tax incentives to support economic growth.

Balancing tax measures The majority of the balancing effects are carried out by an increase in VAT rate and by freezing the inflation...



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