00:28 (21:28)⇢Billion-Euro Tax Cuts Paired With Education Slashes
⌨The newspapers report on Finland's government announcing major tax changes. Income taxation will be reduced by approximately one billion euros (Helsingin Sanomat, Iltalehti, Kaleva, Turun Sanomat), while corporate tax will be lowered to 18% (Iltalehti, Turun Sanomat, Verkkouutiset). Food VAT will decrease from 14% to 13.5% starting in 2026 (Suomen Uutiset, Ilta-Sanomat). These tax cuts are coupled with spending reductions in higher education and development aid (Helsingin Sanomat, Kaleva, Kansan Uutiset). SAK's chief economist criticizes the policy, claiming the concern about state debt was false and that Nordic welfare state foundations are being undermined (Kansan Uutiset).