Finland Floats Cutting Corporate Income Tax Rate to 18% in 2027

The Finnish Ministry of Finance is seeking feedback on a government proposal to cut the corporate income tax rate to 18% from the current 20%, effective for the 2027 tax year.

Also under the proposal, published Tuesday, the maximum period for carrying forward business losses would be extended to 25 years from the current 10 years.

“The aim is to improve the operating conditions for companies and to boost investment and entrepreneurship,” the ministry said.

• The rate cut would reduce corporate tax revenue by approximately €832 million ($975 million) a year but also would support economic growth and ...