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This concept is alien to me. Finland has income tax that everyone pays and it covers everything. There is still VAT when I buy an apple at the store, but it's n

This concept is alien to me. Finland has income tax that everyone pays and it covers everything. There is still VAT when I buy an apple at the store, but it's not there to pay for the road repairs for the car I drive. We have seperate car tax. If you gain residency here, you are treated no different to a Finn. > At the same time as I'm travelling, I'm still paying capital gain taxes to the country where I live officially, even though I get nothing in return from that country. This is ludicrous and a fault of your own gov. I presume you are US.

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Aerroon 5y ago
https://vm.fi/en/the-budget https://vm.fi/en/the-budget According to this, Finland's budget revenue for 2021 is estimated at €68.1 billion. €14 billion of it (20%) came from income and wealth taxes. Your excise taxes alone are almost half of what income and wealth taxes bring in. VAT is 31% of the budget revenue. With numbers like these I don't think it's unreasonable to do away with income taxes and replace them with other forms of taxation.
- deanclatworthy 5y ago
  Thank you for the explanation. This is new to me :)
- namdnay 5y ago
  Keep in mind that these 20% aren’t spread across the whole population, contrary to VAT for example If you did away with income tax you’d still end up having to modulate another tax according to income/wealth, which kind of ends up being the same thing as an income tax
xiphias2 5y ago
Not really, I spent a month in Portugal, a few in Brazil, few weeks in Panama, 1 month in Costa Rica, 1 month in Mexico (which was my favourite mix of US level hotels with the friendliness of latin american people). I'm European, and I was half year in my home country. Splitting income tax / capital gains between countries would be an option, but not really practical, as I could select when I'm selling my assets.
- Jommi 5y ago
  Hey looking to do something similar, could I somehow contact yu and ask a few questions?

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Aerroon 5y ago

https://vm.fi/en/the-budget https://vm.fi/en/the-budget According to this, Finland's budget revenue for 2021 is estimated at €68.1 billion. €14 billion of it (20%) came from income and wealth taxes. Your excise taxes alone are almost half of what income and wealth taxes bring in. VAT is 31% of the budget revenue. With numbers like these I don't think it's unreasonable to do away with income taxes and replace them with other forms of taxation.

deanclatworthy 5y ago
Thank you for the explanation. This is new to me :)
namdnay 5y ago
Keep in mind that these 20% aren’t spread across the whole population, contrary to VAT for example If you did away with income tax you’d still end up having to modulate another tax according to income/wealth, which kind of ends up being the same thing as an income tax

xiphias2 5y ago

Not really, I spent a month in Portugal, a few in Brazil, few weeks in Panama, 1 month in Costa Rica, 1 month in Mexico (which was my favourite mix of US level hotels with the friendliness of latin american people). I'm European, and I was half year in my home country. Splitting income tax / capital gains between countries would be an option, but not really practical, as I could select when I'm selling my assets.

Jommi 5y ago
Hey looking to do something similar, could I somehow contact yu and ask a few questions?