Finland to Ax Electricity Tax Subsidy for Data Centers, Mines

Finland’s finance ministry began drafting proposals to remove a tax subsidy for electricity used by data centers and mines, and to increase excise duty on wine and other fermented alcoholic beverages.

A plan to increase value-added tax on sweets and chocolate has, however, been suspended amid “a lot of negative feedback during the public comment period,” the ministry said Tuesday in a media release.

The various tax measures are designed to make up for losses of tax revenue, according to the ministry.

• The electricity tax currently totals about 40 million euro ($42.2 million) per year, of which ...