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Mon, 30 Mar, 2015 12:01:47 AM FTimes – STT Report, Mar 30  SDP Chairman and Minister of Finance Antti Rinne. File Photo – Lehtikuva. The Social Democratic Party would promote their plan of income tax hikes for those earning over 70,000 euros, said party chairman Antti Rinne in an MTV web column.
The party would also increase capital gains tax for over 60,000 euros and eliminate dividend tax relief. They calculate that these changes would result in more than 300 million euros in additional tax revenues.
The party would increase taxes, in total, by a billion euros. The remaining 600 million would be collected from environmental and Pigouvian taxes, as well as the elimination of unreported employment.
SDP would reduce taxes for those earning under euros 40,000. The tax solutions tied to labour market agreements would be implemented by raising work income and pension reduction.
In the next parliamentary term, the party would improve the state's economy by 3 billion euros, with one billion from taxes collected, and two billion from cuts. An additional billion could possibly be agreed upon, if necessary, halfway through the term.
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