"Matti Vanhanen (centre), the Finnish prime minister, told the Finnish Broadcasting Company (YLE) on Sunday that the public should be prepared for an increase in the overall tax rate in order to pay back foreign debt incurred during the recession.
Mr Vanhanen did not specify which taxes the government was planning raising.
"I just want to lay the groundwork so that the people accept an increase in the total tax rate," he said.
"It will be needed.""
So they bail out construction companies, banks where people at the head have received massive bonuses, stocks, options , generous pension scheme and extra-terrestrial salaries - thus Government were "forced" to
On the other hand, the citizen, if he fails to pay its debt he will not be rescued but be seized its "virtual" assets by its creditors - the bankers.
On top, you hear rumours, propagated by Nordea saying gambling is a bigger issue than unemployment without mentioning that it is all a matter of time...until the benefit of the "safety "trap"" disappear...that's the reason why the government is working hard to set up a monopoly around on-line gambling (in the same line as the alcohol monopoly Alko)...of course the idea being to
Then you hear this type of news : 1% of the Finnish population working as cleaners thanks to tax breaks:
"... tax breaks for private individuals hiring cleaners have brightened the employment picture.Then the industry captains have been pressurizing the politicians to pass into law the income tax cut, thus further increasing the gap between the highest wage earners (the minority, the one that thinks and operate in opera) and the lowest one (the majority, the one who do the work).
Altogether, private cleaning and maintenance services employ around 50,000 people in Finland...", Source YLE - 25.05.2009
As a "captain" of industry, you earn: 300.000 Euro per year - you are an industry "captain" and you get a 10% income tax decrease... you could get as much as 30.000 Euro tax break which will allow you to rent and live in a luxury flat for free (thanks to the income tax cut) in down town Helsinki.
As a "cleaner" of the industry, you earn : 18.000 Euro per year - you might get a 1.800 Euro tax break at a maximum that will allow you to live for 3 months in an average flat in the suburb or in a 15 m2 Flat for 2 month in down town Helsinki.
- So yes, the total tax rate will rise but not for all -