The commerce sector requires urgent action to boost purchasing power and to address incentive traps. Reducing labour taxation is an important and urgent reform that tackles one of Finland’s most significant structural problems.
Month: August 2022
“In the Finnish Commerce Federation, responsibility is rooted in the strategy. We want to work for well-functioning commerce and a competitive Finland, and we see responsibility as an important part … Continued
According to a recent forecast by the Finnish Commerce Federation, the volume of retail trade turnover will shrink by 2.5 per cent this year and more next year. The increase in turnover in euros will be driven solely by rising costs and prices. If Finland and Europe drift into recession, the fall in trade will deepen. Safeguarding purchasing power is essential for the development of trade, and therefore reducing labour taxation should be a top priority for the next government. A rising price-wage spiral will not support purchasing power.