OHMYGOD please do the USA CEO incomes next!
Now anticipating US tax cheat corporations to lobby the WH and Congress into punishing Germany in some way.
Perhaps there really is a God.
It’s a US-proposed policy. Germany signed on.
I believe it was actually a joint proposal from France and Germany. The US signed on though.
Of course, the Federal US corporate income tax rate is 21%, so it had no reason not to.
That district had been represented in both the state assembly and the state senate by Democrats from 2002 until Republicans swept all 3 seats in 2021. I suspect that’s a sign of Democratic Party complacency as much as anything. Democratic voters outnumber Republicans by more than 10 points in that district. Democrats also took back the two assembly seats in that district.
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The future of tax
Tampere-based Aamulehti reports that Finland’s tradition of tax returns — or the repaying of back taxes — could soon be a thing of the past.
Markku Heikura, director general of the Finnish Tax Administration, tells AL that the authority receives about 700,000 calls every year related to changes to people’s tax cards, which the paper writes has become an “administrative burden”.
Taxpayers in Finland are responsible for checking that their own tax card is in order throughout a given year, lest they receive a nasty surprise when the tax year is over.
But not everyone is on top of their tax rate changes, and the tax office said earlier this year that nearly one million people are paying too little tax due to incorrect information on their tax cards.
To combat this, the office is proposing a system whereby tax cards would be automatically checked throughout the year and taxpayers would receive a notification if the rate they are paying is too low.
Heikura tells AL that the tax administration already has the technology to carry out these changes, and would be ready to roll it out by 2027, or even earlier if the political will existed.
“Let’s see how this fits into the current government’s work queue,” he says.