PM Orpo: The government is not preparing to abolish inheritance and gift tax
Finnish Prime Minister Petteri Orpo stated that the government is not currently preparing to abolish inheritance and gift taxes, despite long-standing calls from various groups.
Finnish Prime Minister Petteri Orpo has announced that the current government is not planning to abolish inheritance and gift taxes. This statement comes as a response to persistent demands from the National Coalition Party, which has long aimed to remove this tax. Various stakeholders, including the Confederation of Finnish Industries and several members of Orpo's own party, have also expressed support for the tax removal, highlighting its importance to their political agenda.
The recognition of the inheritance and gift tax's historical presence in Finnish law contrasts with the current government’s status quo regarding tax reforms. During an interview, Orpo clarified that the abolition of such taxes is not part of the government program, refuting speculation that it may be revisited in the current parliamentary term. He emphasized that major tax decisions have already been taken and that significant tax reforms were a focus during the government's recent economic session, known as kasvuriihi.
The implications of Orpo's statement are notable for both the political landscape and Finnish society. As discussions about tax policy continue, the government's refusal to consider removing inheritance and gift taxes could have a lasting effect on the National Coalition Party's voter base and the economic strategies that have been proposed by various interest groups. The narrative around taxation in Finland may evolve as the government balances these internal pressures against broader fiscal responsibilities.