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Finnish finance sector welcomes government plan to postpone introduction of new tax on foreign funds

If investment fund returns are weakened by a new tax, Swedish assets invested in Finland may move out of the country, says Finance Finland Managing Director Piia-Noora Kauppi. Nordea shares her concern.

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Finance Finland, Finnish financial lobbying organization, welcomes the new Government Program, which for now does not introduce a new withholding tax on investment funds’ dividends.

Instead, the Government Program plans to first do international comparisons, and to research and aszess the impacts of such a tax on different actors in Finland, particularly on non-profit organizations.

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