YLE reports that despite the economic downturn in Finland, those who retain their jobs can expect to see an increase in real income of 4.6% this year. By contrast, last year’s increase was 1.5%.
Quoting the Taxpayer’ Association, YLE notes that ”The group attributes the improvement to slowing inflation and tax cuts. This year earned-income taxes are to be lowered overall to the tune of 870 million euros. The government — under the lead of conservative Finance Minister Jyrki Katainen — has also removed some tax penalties for raising one’s earned income”