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Home BUSINESSRehn calls companies to follow Estonian tax model
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Wed, 27 Jan, 2016 12:01:56 AM
FTimes – STT Report, Jan 27
 
Minister of Economic Affairs Olli Rehn. File Photo – Lehtikuva.
Economic Affairs Minister Olli Rehn has called for the implementation of Estonian-style reforms, in which a portion of a company's taxable income can be set aside for investments.
 
The minister in the Suomenmaa blog wrote that now is the time to implement such reforms.
 
Rehn said that companies can be encouraged to invest by taxing re-invested profits lighter than paid-out dividends. 
 
According to him, reserving taxable income for investments will not greatly affect the country's economy.
 
According to Rehn, a corporate tax similar to that of Estonia encourages companies to invest their profits, rather than pay them out as dividends.
 
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