HS: Ministry of Finance to “examine” use of holding companies for tax avoidance

TERHI JÄRVIKARE, the director of the tax division at the Ministry of Finance, on Monday revealed that the ministry is intent to examining the utilisation of holding companies as a tool for tax avoidance at the end of the autumn, reports Helsingin Sanomat.

Earlier yesterday a proposal for prohibiting the much-discussed arrangement was called for by Anita Isomaa, the director of tax affairs at the Confederation of Finnish Industries (EK).