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Update - Finland Announces Revised Proposal for Temporary Windfall Taxes on Electricity and Fossil Fuel Companies

|Proposed Changes|Finland
Finland

The Finnish government has announced a revised proposal for the introduction of temporary (windfall) taxes on the profits of electricity and fossil fuel companies. As previously reported, the proposal originally included a 33% tax rate on income exceeding a 5% return on equity. In the revised proposal, a similar approach applies for electricity companies, but with a 30% tax on a company's prof…

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