Joni Juusela wrote that inheritance tax was one of the most harmful taxes in Finland and should be abolished. Working in the financial sector, he stated that he could see its practical disadvantages and said that Finland needed family businesses committed to growing in the country from generation to generation. Juusela believed that the impact on public finances should be considered when abolishing the tax, as government bond rates were rising globally, in his opinion. He warned of a repeat of the situation in Britain following Truss's mini-budget, when large unfunded tax cuts spooked the bond markets. To secure financing, he suggested cutting development aid and removing the tax exemption for foundations and associations. Juusela reminded that small inheritances were tax-free at that time. If inheritance tax were to be replaced with capital gains tax, he believed that the change should not drastically tighten the taxation of small inheritances, for example when selling old apartments. He proposed protective measures during the transition, such as a tax deferral right similar to Sweden's or deemed acquisition costs, so that the middle class could also have the opportunity to build wealth that spans generations. #perintövero #perheyritykset #kansankapitalismi (translated)
