Friday, September 11, 2015

Finland to raise taxes on the wealthy to cover refugee costs...

Finland's government on Thursday proposed increasing capital gains tax and income tax on high earners to help pay for a 10-fold increase in refugees expected to arrive this year, its finance minister said.

The EU migrant crisis proposes a political as well as a financial challenge for the coalition, whose foreign minister, Timo Soini, heads the Eurosceptic party, The Finns, which campaigned for tighter controls on immigration.

Finance Minister Alexander Stubb said the highest bracket of capital gains tax would be raised by 1 percentage point while people earning more than 72,300 euros ($81,000) would be required to pay a so-called solidarity tax for two years, lowering the threshold from 90,000 euros.

"These will help to cover higher immigration costs which we estimate to be about 114 million euros this year," Stubb told a news conference. Full story...

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  3. Austrian far-right leader blames U.S., NATO for migrant crisis...
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  5. Wealthy Gulf nations are criticized for tepid response to Syrian refugee crisis...
  6. The Arab world’s wealthiest nations are doing next to nothing for Syria’s refugees...
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