Finnish forest holding have started at an accelerated pace to move to domestic and foreign funds ownership. Their holdings of the country’s total forest area is just a few percent, but more than half of this years forest state stores have gone to institutional investors, measured in euros.
Land – and forest owners the central union of MTK is concerned about the situation.
– How many things it can effect either, if a growing number of forest acres owned by the so-called faceless investor. We would like to in this societal debate, said the MTK forestry delegation Mikko Tiirola.
Lasse Isokangas / Yle
the MTK presented a forest delegation at its meeting on Wednesday that the country’s government intervenes in the situation by improving forest owners ‘ tax treatment.
Now, funds and similar treatment to the MTK according to the more gently, which will benefit them in the race farmlands stores. The corporation tax is 20%, while private forest owners are paying their income for 30 or 34 percent capital tax.
– we Will bring the board knowledge of our position that the forest reduction should be increased from the current 60% to 90%, so that private forest owners manage their forest holding market in a better international investors against Tiirola stress.
– MTK wants to, that individual Finnish family would be able financially to the same line of forest holding market, Tiirola said.
forest reduction works so that the forest status, the buyer will receive the status of the so-called forest deduction of the base, which can be used in future timber sales forest taxation to reduce. Forest reduction template is now 60% of the cost of acquisition (usually the purchase price).
union for conservation of Nature Harri Hölttää worries, if the owner changes mean logging increased. Yleluonto people of common concern
the nature of people and MTK are usually at odds forestry matters, but not this time.
– Worry is probably the MTK with the connection, but our concerns are a little different. Our concern is mainly that if there is a big expected return, then the promised returns to investors made by land clearance and other forest management activities, said the Finnish nature protection association president Harri Hölttä.
– for Example, funds the ethical principles of these can of course be affected, but the total picture is from our point of view worrying, Hölttä said.
Ymmärrystäkin fund forest stores to find.
professor of Finance Vesa Puttonen the opinion of the fund of the forest you buy is only a good thing. YLE
– If there’s one thing in this world I’m not worried, so this development, huff professor of finance and Taaleritehdas Oyj, board member of the Vesa Puttonen Aalto university school of economics.
More I thought so, that this is only a positive current and prospective forest owners ‘ point of view. The current owners have is the opportunity to sell their forests for the funds and future forest owners may purchase fund shares, no need to buy directly from the forest. Wood users, namely forestry companies this is only good news, Puttonen said.
Puttonen has been since 2013, Taaleritehdas Oyj, board member Taaleritehdas is one of the Finnish forest funds, and shares of the sellers.
Private owned by the Finnish forest area of about 60%. Forest owners in Finland is about 600 000.
appendix: Case added 28.10.19 at 18 information Puttonen Thaler Corporation’s board of directors membership.
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