Exemption may slay Finnish inheritance tax system -KL

25.4.2007 at 11:27

Making company wealth exempt from inheritance tax, one of the goals in the programme of Finland's new centre-right government, may end up killing the entire inheritance tax system, tax experts were quoted as saying by business daily Kauppalehti on Wednesday.

Heikki Niskakangas, a professor at the Helsinki School of Economics, told the paper that the people would never swallow a scheme where a few thousand of the richest families in the country were exempt and ordinary wage-earners had to pick up the bill.

The tax specialists added that there would also be a need to stuff loopholes because of the incentive to transfer private wealth to companies.

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