Gaming industry produces Finland’s highest earners – EURACTIV.com & More Trending News

 

The gaming industry is but once more a gold mine for entrepreneurs in Finland, revenue tax knowledge revealed by the Tax Administration as a part of Tax Day on Wednesday revealed.

Taking the pole place in 2021 was Ilkka Paananen, the founding father of the Helsinki-based gaming firm Supercell, with €58.6 million in earnings. Trailing behind €46.3 million was Ilkka Teppo, the founding father of the gaming firm Reworks.

With taxes being so excessive in Finland, Paanen paid near €21.9 million in revenue tax, whereas Teppo paid €15.7 million.

The knowledge additionally pointed to many firms doing properly in 2021, regardless of the pandemic.

Corporate tax revenues virtually reached an all-time excessive, and the taxman pocketed some €7.3 billion from Finnish firms. For instance, Supercell paid €153 million and was the largest company taxpayer within the nation.

Finland’s apply of creating revenue tax data public has been criticised, with some claiming it spreads pointless jealousy.

Still, some residents can ask to take away their names from the listing, one thing 1,700 folks did this yr. Top politicians can not afford to draw back from the listing. For instance, Prime Minister Sanna Marin’s earnings in 2021 had been €200,890.

Meanwhile, these incomes greater than €100,000 per yr solely account for 3% of revenue earners. However, their share of all revenue tax revenues is greater than 20%.

Still, the center class does many of the heavy lifting as 13.3% of all revenue earners belong to the group incomes €50,000-100,000 a yr who contribute 33.5% to all revenue taxes, Finland’s Taxpayers Association stated.

(Pekka Vänttinen | EURACTIV.com)

Gaming industry produces Finland’s highest earners – EURACTIV.com

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