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Finnish corporate tax rate proposed to decrease from 26% to 22%
The working group appointed by the Finnish Ministry of Finance to consider changes to the Finnish tax system published, on 21 December 2010, the final report proposing changes to the Finnish tax system.
As reported in our previous International Tax Alert on the subject, the working group’s interim report published in June 2010 suggested changes to, among others, the corporate income tax rate, value added tax rates and dividend taxation for individuals. The main change in the report from a corporate tax perspective was a proposal to reduce the corporate income tax rate from 26% to 22%. The tax rate has been 26% since 2005.
The final report brought forward proposals on changes to personal taxation, inheritance and gift taxation, and energy, environment and excise taxation. The final report did not propose any new changes to corporate income taxation, other than the ones proposed in the interim report.
No legislative proposal on the changes proposed in the report has yet been published. A proposal may follow this spring, but any far-reaching changes are considered unlikely to be passed until the next parliamentary elections in April 2

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