Fri, 27 Nov, 2015 03:43:46 AM FTimes- STT Report, Nov 27  File Photo Lehtikuva. Finnish income tax has been found exceptionally progressive compared internationally, said the Taxpayers’ Central Association.
Taxation on lower incomes is consistent with the European average, but as income increases, taxes increase more sharply than in other countries.
According to the association’s study, the average Finnish salary is taxed 2.7 percentage points sharper than in comparable countries.
For high-income earners, or those making more than 130,000 euros a year, the income tax rate is the third highest after Belgium and Italy.
The association, in its annual international comparison, compared and compiled the income taxes paid for different wage levels in 18 OECD countries.
The overall picture does not change much when comparing the tax burden using the traditional income tax wedge, or taking into account employers’ contributions to payroll taxes.
Employers’ contributions are consistent with the European average.
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