Finland's government has already proposed measures to help fund the massive increase of refugees they are expecting to arrive this year, said Finland's Finance Minister Alexander Stubb. With an expected tenfold increase of refugees expected, Finland is on target to increase capital gains tax and income tax on their high earners, according to the Humanitarian News.
Stubb concludes that the highest bracket of capital gains, raised just one percent, will help tremendously. Additionally, lowering the threshold from 90,000 euros to 81,000 euros for those required to pay a solidarity tax for the next two years will help defray the refugee financial burden on their country.
"These will help to cover higher immigration costs which we estimate to be about 114 million euros this year," Stubb told a news conference, Reuters reported. Finland is on track to accept 30,000 immigrants this year, compared to just 3,600 last year.
The tax proposals, set to be voted on Friday, are possibly an effort aimed to lessen the arguments that the poor and middle classes are always hit harder with government policies, according to Citizn Daily.
As the refugee crisis rages on within the European Union, the U.S. has stepped up with its offer to take an estimated 10,000 refugees, as previously reported by HNGN.
