The outlook for Finnish industry and
employment is threatened in many ways. The most important task of the
energy policy is now to ensure the supply of reasonably priced
electricity. This is the best way to encourage companies to invest in
both clean energy and in industrial production in Finland. Adopting a
windfall tax would be a setback for Finland in terms of investments,
employment and competitiveness.
The windfall tax under
preparation targeting nuclear and hydropower would weaken Finnish
industry’s willingness to invest and its competitiveness. It would be a
significant additional burden for industry in a challenging employment
situation. Additionally, the tax would lead to weaker business for
export sectors and would further burden the trade deficit.
current economic situation, balancing the State budget is no
justification for the tax. The Government notes in its programme that
the taxation will strengthen economic growth and employment. Levying the
tax would be in total contradiction to these goals.
energy taxation solutions should be treated as (industrial policy)
decisions, the feasibility of which should be considered from the entire
industry’s perspective. Energy must be seen as a factor that creates
prerequisites for future investments for all industry sectors.
below for the statement regarding the windfall tax, prepared by the
Confederation of Finnish Industries (EK), Finnish Energy Industries,
Finnish Forestry Industries Federation, Federation of Finnish Technology
Industries, and Chemical Industry Federation of Finland.