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Thu, 28 Jul, 2016 12:20:48 AM FTimes- STT Report, July 28  File Photo – Lehtikuva. The currently defunct investment reserve could be reintroduced in the country with the aim to bolster its economy.
The Finnish language daily Helsingin Sanomat reported that corporate tax could be launched again in the form of the so-called investment reserve.
The backtracking is aimed at promoting private sector investment that would see a fast-track economic growth and considerable improvement in the employment situation.
According to the newspaper, the Suomen Keskusta (Centre Party) expressed support to reinstating the investment reserve, while the Kansallinen Kokoomus (National Coalition Party) would like to defer any decision until next spring’s budget talks.
The third component of the ruling coalition, the Perussuomalaiset (Finns Party), also believes the reform highly probable.
The government led by Prime Minister Juha Sipilä will decide the issue during the end of August budget discussion.
According to the Sanomat report, a resumption of the investment reserve could slash the corporate income tax by a quarter in the first year.
In Finland, the investment reserve was used last in 1992.
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