40 results found

European Court of Justice has issued a ruling (C-284/09) in which the German dividend withholding taxation was deemed to infringe the principle of free movement of capital.

The European Commission has decided to refer Finland to the European Court of Justice because of failure to comply with a Reasoned Opinion on its legislation which discriminates against foreign pension funds.

In October 2011, major Finnish trade unions and employers’ organisations agreed on conditions of a new framework agreement.

The European Commission presented on 16 March 2011 a proposal that calls for a common system for calculating the tax base of business operating in the EU.

According to current regulations in the Income Tax Act, capital losses derived from the sale of assets are deductible from capital gains in the year when the loss is incurred and during three following fiscal years.

On 21 March 2013, the Finnish Government reached agreement on central government spending limits for 2014-2017.

The Finnish Supreme Administrative Court decided on 7 March 2011 (KHO 2011:21) to request for a preliminary ruling from the Court of Justice of the European Union (ECJ) concerning the question whether a Finnish parent company may deduct the final tax losses of its Swedish subsidiary after a cross-border merger.

The Finnish Supreme Administrative Court issued a ruling on 30 December 2011 in which it decided to request for a preliminary ruling of the European Court of Justice on whether the dispensation procedure relating to the possibility of using tax losses after a qualified change in ownership could be deemed as an illegal state aid.

The Supreme Administrative Court gave on 22 October 2004 a decision, KHO:2004:93, regarding the share swap situation. According to this decision the fees paid to advisers could not be deducted as annual cost in taxation, even though this had been done in accounting.

On 17 June 2011 the new Finnish government reached agreement on the new Government Programme.

On 30 August 2012, the Finnish Government agreed on the budget proposal for the year 2013.

A bill aimed at reforming Finnish corporate taxation is forthcoming in October 2007. The reform seeks to harmonise corporate tax legislation with the new Finnish Companies Act.

Finnish Central Tax Board gave a published preliminary ruling on 5 October 2011 whether incorporating only one real property could be regarded as a transfer of assets under Section 52d of the Business Income Tax Act (360/1968).

The taxation working group, appointed by the Ministry of Finance and led by Mr. Hetemäki, has in its intermediate report (35/2010) proposed key changes to taxation.

The Supreme Administrative Court has issued a ruling based on which the interruption of business-related connection between the parent company and the shares belonging to the fixed assets of a company may lead to a classification of the capital gain derived from the transfer of such shares as taxable nonbusiness- related (personal) income.