world news - 19.09.2008
Tax relief also for forest conservation
In
the Government's budget session it decided that forest sales to the
State for nature preservation purposes will be exempted from capital
gains tax. Ms Sirkka-Liisa Anttila, Minister of Agriculture and
Forestry, predicts that this tax carrot will considerably increase
sales of protected areas in the same way as in the case of the
temporary tax exemption and relief for forest thinning and felling.
Sources within the Ministry of Finance indicate that no timetable has
yet been fixed for this project. Preparation will continue when the
Government's budget proposal is ready in the autumn. In the last
instance that proposal will be adopted by the Parliament.
See also:
- — Record timber sales as a consequence of tax exemptions
- — South American industry has mixed year
- — Russia to change face of softwood trade
- — End of tax deduction for first thinning livens up timber sales in Finland in August
- — Forests should be used for combating climate change