Tag: Tax
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Three reasons why you should buy real estate in Finland now
This distribution of price development between cities and rural areas highlights the varying market dynamics in different parts of Finland. Just a couple of years ago, every new apartment was already booked before completion and the prices were so high that you would have had to win at a Finnish casino to be able to…
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Finland's presidential candidates – Olli Rehn
Early life Olli Rehn's early life before politics shaped his upbringing in Mikkeli. He grew up in a family that owned an auto parts company and started working at the age of 12. Olli Rehn is passionate about soccer, having played professionally since his late teens. Despite his military service, which turned him away from…
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Large-scale taxation of short-term rentals
The government is seeking to increase the supply of residential properties for sale or long-term rental, including by taxing large-scale Airbnb rental providers as employers. This action is intended to support the provision of housing for Grindowice residents. Culture and Trade Minister Lilja Alfreðsdóttir, who is in charge of the matter, says the key is…
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Presidential candidate Jutta Urpilainen
Although he announced his presidential candidacy in late November 2023 compared to his colleagues, he is committed to the European Commission, but he has since gathered media attention and public support because of his vision of a stronger and more united Europe and his emphasis on traditions. social democratic values. Early life Jutta Urpilainen, who…
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2023: A tough year for Finnish real estate, a positive turn at the end of the year
A key factor in this downturn was the dramatic drop in home purchase intentions in the summer of 2022, which was mainly due to changes in the European Central Bank's interest rate policy. In April 2022, the 12-month Euribor rate, which is generally tied to Finnish mortgages, turned positive for the first time after a…
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Tax card tips: Don't forget vacation pay or benefits
What pitfalls should be considered when estimating your annual income?
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Purra: The need for adjustment of the public finances may rise to 2 billion euros
“I can guarantee that it will be a very challenging task,” he noted. Although Purra initially expressed his support for the increase in value added tax, he said that he also believes that other ways can be found, and he mentioned the company's capital gains as an example. He also promised no cuts to defense…
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HS: The minimum corporate tax could increase corporate tax revenue in Finland by 10 percent
Corporate tax revenues will thus increase worldwide by 6–8 percent, which means an additional income of 142–175 billion euros for corporate tax results. The minimum tax rate mainly applies to conglomerates with an annual turnover of more than EUR 750 million. Most jurisdictions implement a minimum tax rate by introducing a supplementary national tax. The…
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Thousands of Finnish unregistered companies avoid taxes
According to the Tax Administration, the situation led to a tax deficit of up to 120 million euros in 2021.
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YLE: Flights to Lapland are a major source of emissions
YLE on Monday reported that flying tourists to the north produces approximately 500,000–700,000 tons of carbon dioxide equivalent emissions, based on the information provided by Finavia. According to the calculations of the Finnish Transport and Communications Agency (Traficom), the share of flights in all air travel emissions in Finland is approximately 9–13 percent. The experts…
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Late for the Queen's parade: new American fan of Queen Margrethe
Growing up in America, I didn't have to think about whether a monarchy was an ethical way to spend a country's GDP. I never really considered whether the public morale boost and tourism impact was worth maintaining a tax-funded but undemocratic hereditary seat of wealth and power. Blindly giving the elite such an advantage would…
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HS: The city of Helsinki says that the wage losses are over, but according to the decision-makers they are not
About 800 salary statements per month therefore still contain errors. Kitula also estimates that the customer service works well: the waiting time for customer service calls is 6–8 minutes and the callback rate is 70 percent. “There are still cases where we unfortunately have to recover excessive salaries. It is also in the interest of…
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Record bankruptcies in Finland: More than 2,700 companies were closed in 2023
“The jump of nearly 500 bankruptcies over the previous financial crisis record is a clear indication of an exceptionally challenging year for the Finnish economy.” The combined turnover of these bankrupt companies approached two billion euros and affected more than 8,000 employees. According to Nors, these changes have significant national economic consequences, especially when the…
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Eva: The average Finnish taxpayer will pay more than 550 euros less in taxes in 2024
The person also spends 600 euros per year for one domestic trip. Eva said in December that the total tax rate for such a wage earner in 2024 is 37.5 percent, which corresponds to 1,313 euros per month. More than two-thirds, or 908 euros, of the tax burden comes from income tax and 404 euros…
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Finnish pensioners see an increase in purchasing power
The taxation of pensions has also changed, as the tax rate for small and large pensions has increased and the tax rate for medium-sized pensions has decreased. The adjustments are less significant than the index-based pension increases, which means that the net income of all pensioners will increase. While inflation is expected to subside, the…
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Wine, gas and swimming pool tickets will become more expensive
With the new year, changes to public pricing structures come into effect across Iceland. Municipalities have increased fees for some of the services offered, while the 2024 budget, recently approved by Alþingi, announces new taxes and adjustments to existing ones. As Morgunblaðið reports, alcohol and tobacco tax rates have increased by 3.5%. Like the license…
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Apartment prices rise every month, but still fall from the previous year
The increase at the end of the year may be due to first-time buyers rushing to take advantage of the tax exemption that ends in January.
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Last year, landlords collected two billion euros in rental income
Taxpayers in Finland have become eager landlords, especially in Kauniainen.
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The tax changes will come in January
Taxpayers' take-home pay will be slightly increased due to revisions in taxation.
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Central lawmakers are floating the idea of a mileage-based tax on electric cars
Owners of electric vehicles are not obliged to pay fuel tax or vehicle tax. “The tax revenue for electric vehicle owners is particularly insignificant over the lifetime of the vehicle compared to what owners of diesel and petrol cars are used to paying. Partly for this reason, the total tax rate in Finland will decrease…
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Helsinki plans "urgently" solve problems at the central station's taxi rank
The move is the result of Yle's investigation, which revealed that, in the opinion of some taxi drivers, the ranks have become territorial and violent.
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HS: The Ministry of Finance is considering the need to update the pension agreement with Switzerland
Among the directors are CEOs of listed companies who can report millions of euros in additional pensions without being liable for tax in Finland. Reinvestment can also be a way to avoid or significantly reduce taxes on investment income and business sale income. In practice, supplementary pensions are wages whose payment has been postponed until…
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The purchasing power of middle-income earners will increase by 750 euros next year
The Taxpayers' Association calculates that the purchasing power of middle-income earners will rise in 2024 after three years of decline.
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Wednesday's papers: tax refugees, carbon solutions and NHL sauna interest
Several business leaders have retired from Finland to Switzerland.
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Orpo: More budget cuts are needed, salary taxation will not increase
The government is preparing to make additional adjustments in addition to the already agreed six billion euros.
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The Finnish Shipping Association demands the government change the tax law
Finnish media managers are concerned that burdening journalists with paying legal aid taxes may adversely affect freedom of speech.
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Thursday's strike cost Finland 100–130 million euros, says Satonen
According to him, the government has no other choice but to carry out reforms to increase the still relatively low employment rate. He also expressed doubts about the ability of trade unions to come up with measures to create 100,000 new jobs, the government's stated target, and predicted their response would be a “blank piece…