News Analysis: Finland’s Small Construction Contractors: Tax Evasion Is Where Authorities Look; some individuals say is really due to Tax Rates being too High. However, a Corporate Tax Rate of 20% along with a Maximum National Personal Tax Rate of 30% can hardly be designated to be ‘Draconian’.
Finnish Tax Authorities discovered approximately $200 Million Dollars of Tax Revenue Losses when inspecting the books of Small Construction Projects. This sum contributes to European Tax Authorities Estimate of almost $1 Trillion Dollars in Yearly Tax Revenue Losses through Evasion throughout Europe; no small sum.
Since the “Morality of the Marketplace” is so Low, one can presume Tax Evasion will continue to grow throughout Europe. The VERY SAME Tax Evaders will be the first to complain about: The Poor Conditions of their Country’s Roadways; Not Close-Enough Schools for their Children; Insufficient Fire and/or Police Protection; Shoddy Public Health Care; Etc.- All Paid For By Tax Revenues (which they Evade).
Financial Tax Hypocrisy is Alive and Well.
Reference: http://tinyurl.com/qgbumd6