Tax policy to create super rich class in country

The tax policy of the country is creating scope for the high income group to become more rich, reported National broadcaster Yle, quoting an expert.

Finland is seeing the growth of the super-rich, whose lightly-taxed capital income far outstrips other groups' earnings, said the report.

Finnish tax policy favours the accumulation of wealth among the country’s richest people, the Yle report said quoting Tampere University professor Matti Tuomala as saying just one day before the tax administration Vero reveals the names of the country's top income earners.

Current tax policy has created a cohort of about 50,000 people that now includes the likes of game firm entrepreneur Mikko Kodisoja and cyber security firm F-Secure chair Risto Siilasmaa, Tuomala told Yle.

On top of that, the researcher has identified another group of roughly 5,000 supper rich people, whose wealth accumulation is in a class of its own, according to public data, the Yle report added.