The opposition made it clear during the questioning hour - This tax decision was too much
The Finnish opposition demanded the government to reverse its decision to cut corporate tax from 20% to 18% by 2027 during a questioning session.
During a recent questioning session, the Finnish opposition strongly challenged the government's decision to lower the corporate tax rate from 20% to 18%, set to take effect in 2027. The opposition, particularly represented by Joona Räsänen of the SDP (Social Democratic Party), argued that the government’s financial decisions are contradictory given the current fiscal state of Finland. Räsänen criticized Finance Minister Riikka Purra for previously stating that there were no financial resources available, pointing out the stark contrast with the decision to reduce corporate taxes by nearly one billion euros.
The SDP is attempting to reverse past accusations against their previous administration regarding financial mismanagement, instead directing a similar narrative against the current Prime Minister Orpo's government. The opposition believes that while the government claims to be cash-strapped, it seems willing to allocate funds for tax cuts that primarily benefit corporations, raising questions about fiscal priorities amidst growing public debt. Räsänen's remarks highlighted the alarming speed of Finland’s debt accumulation, positioning the country among the fastest in the EU.
Demanding the withdrawal of the tax cut, the opposition underscored the need for a responsible fiscal policy, especially in light of the current economic challenges that Finland faces, including deep deficits and worsening public financial health. The discussion reflects broader concerns about equitable tax policy and the implications of fiscal decisions on public services and investments in the country's socio-economic infrastructure.