Finnwatch calculates Finland loses over a billion euros in tax revenue due to tax planning by big corporations


The Finnish NGO Finnwatch estimates in a report published today that Finland loses annually 430–1,400 million euros in corporate tax revenue because of aggressive tax planning by multinational corporations, writes HS. The amount equals 10–31 percent of Finland’s corporate tax revenue. The OECD has compiled a list of 15 ways to combat aggressive tax planning, and the EU is currently implementing these measures. Finnwatch researcher Henri Telkki says the problem is that, according to the EU’s policies, the phenomenon is tackled with the help of information exchanges by tax authorities.

Media:  Helsingin Sanomat

Date: 15.11.2016

Journalist: Marja Salomaa

Main source: Henri Telkki, researcher, Finnwatch

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