Clearl, taxation is a complicated matter, but Europe has already agreed on standard VAT tax and other taxes. I know Spain is being sued by the European parliament, or whatever sues nations for failing to a abide by its negotiated agreements, for taxing European non residents a higher property rental tax rate than it does residents (24% instead of 19%). The point is, Europe is working on tax integration and leveling which I believe is positive. Cashless economy obviously requires that no national government loses out on tax matters and risk cutting necessary budgets. I frankly don't know at which point a tax on transactions would eliminate VAT and income tax or what juggling would be required for both state budgets and citizens find the right balance. But if the result is to close loopholes and dry up dark monies, it's a positive step forward.
Oh boys you don't know nothing about taxation. Here in Finland average family with 2 kids will pay income tax and other payments of a tax nature in total ca. 74% and politicians are currently still planning to increase some taxes. Fortunately there is ways to lower tax burden a lot from this but average Joe don't know how or it's impossible for him to do those moves.
How is that possible when the top income tax bracket is 31.25% and the highest municipal tax rate is 22.50%? All other taxes like church tax is avoidable. Also keep in mind that the average household greatly benefits from top notch health care, (almost) free education all the way and including university. Then a very generous social welfare net that keeps a lot a lid on petty crimes and rampant drug abuse. If you converted all the goodies into cash you would pay much more net net despite the lower taxes, charged.
Well this is a well known fact here in Finland. I can show you the calculations in b&w but it's in finnish so... Yes the education is free until high school then it starts to pay something. Health care is cheap but not free etc. but it's total bs that you have to pay this much taxes to get these benefits (for example Switzerland). This country just don't allow you to be rich you have to be average or below. If you are you will be killed by the taxation. Nobody clever enough will not move to Finland because of the insane taxes in everything. A very good and well known example is that very rich people (here are a few of them but not many) don't drive a car here because your speed ticket can easily be many hundreds of thousands even millions euros. Just a simple example of this madness. I know what I'm talking about. I've been living here 55 years. Btw. Your "tax brackets" are wrong. In practice income tax alone will get very quickly over the 50% (incl. the side costs). I am talking about the net money you will receive. Anyway we are not talking about just income taxes you have to check all payments of a tax nature. Then you will understand how this 74% happens.
Is my assumption correct that you are not native Finnish? Finns' English is generally top notch. Just wondering. Because I know a lot of Finns who love their country and would not trade it for any other place on earth. Also I broke down the taxes which amount to more than 50% if you include local municipal taxes. But you did not seem to care to read that either...
Haahaha nyt tuli kyllä parhaat naurut tästä idiootista. Alkaa nyt puolustelemaan jotain Suomen verotusjörjestelmää, kun kaikkihan sen nyt tietää, että täällä on verotus aivan sikamaisen korkea. Vai muka olet tehnyt vähän laskelmia. Eihän sulla oo mitään ymmärrystä tästä meidän järjestelmästä. Ja sitten kun ei muuta keksi, niin alkaa haukkumaan jostain englanninkieken kirjoittamisen taidosta. Vittu mikä urpo.
Do you have a link in English language to support your claim of the taxes you mentioned? Because even the world's most respected tax advisers do not support your claim. You can Google it.
World most respected tax advisers don't know these simple things about Finland?! Ehhh... Come on. It's clear you're lying. Ask your "clever advisers" just go to https://www.vero.fi/en/individuals/ and tax calculator. Put some silly 300ke annual income into it and you will see that tax + side costs will take over 50%. And it can go higher. But this is only income taxation. As I said average family with 2 kids will pay ca. 74% when all tax related payments are taken into account in your living. This calculation is in finnish so cannot help you. Edit: Direct link here https://www.vero.fi/en/individuals/tax-cards-and-tax-returns/tax_card/tax-percentage-calculator/
You are definitely not the smartest cookie in the room. I stated now three times that yes, income taxes in the HIGHEST bracket are above 50% including municipal taxes. I never contended that. But it's not the average or median income tax rate. Also I repeatedly ask you to state how you get from 50% to 75%,you never provided any specifics or factual backup. Sorry, I don't buy your claims, all other sources I came across say otherwise. So let's agree to disagree.