The Left Alliance is regularly accused of a lack of understanding of economic realities. The 38-year-old chairperson of the opposition party, Paavo Arhinmäki, is determined to dispel such accusations. “We know today that 80 per cent of the corporate tax cut has poured out in bigger dividends and only 20 per cent in investments. Unfortunately, we were right,” says Arhinmäki, who has held the reins of the Left Alliance for nearly six years.
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Arhinmäki: Use debt to kick-start the economy
As part of the Government of Prime Minister Jyrki Katainen (NCP), the Left Alliance agreed to cut the corporate tax from 22 per cent to 20 per cent despite initially expressing its concerns about the effects of the tax cut.