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Maaseudun Tulevaisuus - Finland | Monday, March 25, 2013

Finnish entrepreneurs must prove themselves

The Finnish government announced on Thursday that it would lower the corporate tax from 24.5 to 20 percent. However care must be taken that the measure has the desired effect, the liberal daily Maaseudun points out: "Even if a total of 600 million euros is accrued by raising other taxes and cutting spending, additional holes need to be plugged to finance the reduction in corporate tax. Prime Minister Katainen is putting his trust in the dynamic impact of the tax cut. ... But this impact won't come about automatically. ... Now the businesses must prove themselves. The Finns can rightly make new domestic investments and expect more jobs. Hopefully, for example, the forestry and energy industries will invest in the processing of Finnish wood. The state must take care to ensure that the tax cuts aren't used for further foreign investments and dividends in tax oases."

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