Finland Times

 

New Finance Minister Antti Rinne (SDP) swears office and a judicial oath to Government in plenary session in Helsinki on June 6, 2014. Photo – Lehtikuva.

Finance Minister Antti Rinne is not in favour of eliminating the inheritance tax, according to an interview with the business news outlet Taloussanomat.

 

Instead of eliminating the tax, Rinne says the current system can be rectified.

 

According to the minister, small businesses perceive this as a problem, as they must pay the tax immediately after inheritance. A new model must be found which does not put business in risk, said Rinne.

 

Carl Haglund, the chair of Suomen Ruotsalainen Kansanpuolue (Swedish People’s Party of Finland) said in the past that he would replace inheritance tax with capital gains tax. He was backed by the Kansallinen Kokoomus (National Coalition Party), but the Vihhreä Liito (Green League) did not support the idea.

 

Rinne told the Taloussanomat that he intends to focus on economic revival and employment in the forthcoming “mini” government negotiations.    

 

The newly-elected chairman of the Suomen Sosialidemokraattinen Puolue (Social Democratic Party-SDP) was made the finance minister on June 6.