Tax revenues rose even though earned income taxation was lightened
Published
Finland's tax revenues have grown from the previous year, even though taxes on earned income have been lightened. The information comes from Verkkouutiset and is based on data from the Tax Administration.
Earned income taxation refers to the tax that people pay on their wages and other income from work. When this tax is reduced, state tax revenues are generally expected to decline. This time, however, revenues increased, and this has been surprising to many.
According to the article's headline, the situation resembles Sweden's experience. A similar development has also been seen there, where tax revenues have grown even though the taxation of work income has been lightened.
The short news report does not provide more detail on what causes the growth. It is worth following the matter once the Tax Administration publishes further information on tax receipts.
Sources: Verkkouutiset
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