OMHEX considers the work of the Siva Working Group extremely successful. Opening competition in long-term saving with attached tax incentives and extending the competition to direct securities investments would benefit pension savers and society alike.
"It is extremely important that investors are able to make direct investments also in shares and other securities within the framework of the legislation on bound long-term saving. This is important for the capital acquisition of Finnish listed companies as direct securities investments made in the form of long-term saving would offer the companies - as the term indicates - long-term, stable financing. The model would also promote the Finnish ownership of listed companies, unlike the recent corporate and capital income tax decisions made by the Government", says Jukka Ruuska, Deputy CEO of OMHEX and President and CEO of HEX Integrated Markets.
The Government's taxation decisions steer the actions of investors and corporations alike. OMHEX hopes that the Government would also focus attention on ensuring the operating environment of the Finnish financial market. A functioning, effective financial market is crucial to the capital management of the companies as well as to the Finnish national economy.
