Taxation|The investors’ advocate is proposing a new prosperity account that would repair casting defects in the equity savings account. In addition, it would like to harmonize the taxation of different forms of investment.
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Finnish equity sappies will propose major reforms to capital taxation to accelerate economic growth.
The organization proposes a $ 1,000 annual basic deduction for capital tax and a uniform tax rate for various investment products.
In addition, equity sappies want to launch a long -term prosperity account.
Finnish Equity sappies are proposing major reforms for capital taxation, which, according to it, could contribute to accelerating economic growth.
The aim of the reform proposed by the organization is to set the taxation of different investment products and assets at the same level.
Now the taxation depends on where the money is invested.
Equity sappies is a lobbying organization, which promotes private investors.
Equity savers There are three main points in the tax strategy.
The organization proposes that tax purposes be transferred to the tax exemption of small capital gains. In place of them, it proposes a $ 1,000 basic deduction, which could be made annually on capital tax.
Now the investor has been able to sell, for example, shares or funds tax -free each year, with sales income to less than EUR 1,000.
However, according to the union, the tax benefit has remained small and has benefited only novice investors with low investment assets.
The tax advantage has also covered only capital gains, such as profits for sales of shares or funds. Instead, even small dividends have had to pay taxes.
Instead, the new basic deduction model proposed by the organization does not distinguish from where the capital income comes from.
The losses would be deductible from capital income to the former model.
In the short term, the organization estimates that this reform will reduce the tax revenue of the state, but in the longer term it could increase tax revenue as investment and the amount of capital to be taxable.
Second The proposal is related to the harmonization of capital taxation in different assets.
Now, bank deposits and direct returns of rental housing and listed and unlisted companies are now taxed in different ways.
Equity sappies suggest that the owner’s overall tax rate in all of these will be 30 % in the future.
The biggest change would be the dividend tax on non -listed and listed companies. The change would tighten the dividend tax of unlisted companies. The organization proposes that in the future the dividend tax in both would be 12.5 %.
In addition, the organization proposes to abandon the right of unlisted companies to receive a dividend of a listed company tax -free if the company owns more than ten percent of the listed company in question.
This reform would fund a deficiency from the change in dividend tax rates.
In addition The organization would like to launch a long -term prosperity account.
It states that the prosperous account would eliminate deficiencies in the equity savings account, book-entry account and insurance cover.
A prosperity account would resemble an ISK account used in Sweden (Investment savings account).
It could invest in shares, funds, derivatives, accounts and other investment products. This would easily allow the transfer of funds between different types of assets, which is already possible in investment insurance and capitalization agreements.
There would be no tax on internal accounts. Dividends would also be tax -free and would not be taxed from raising money from the account.
Instead, the account would be taxed on an annual plan tax based on the average balance of the account and deposits made during the year. The organization proposes 1.0 percent as the formula tax.