Kokonaispääomakatto

Kokonaispääomakatto is a Finnish term used in discussions about corporate taxation and investment support to describe a proposed or theoretical ceiling on the total capital base eligible for tax reliefs or subsidies. In practice, it would set a limit on the amount of capital—often interpreted as the sum of equity and debt used to finance investments—that can qualify for deductions, allowances, or state aid. The exact mechanics vary by proposal; some models specify a fixed monetary ceiling, others tie the cap to a share of revenue or EBITDA, and others use ratios relative to capital intensity. The aim of such a cap is to reduce distortions created by high capital levels, improve tax efficiency, and ensure fiscal sustainability by preventing excessive incentives for capital-intensive investments. Debates center on how large the cap should be, what counts as capital for the purposes of the cap, and how it would interact with existing deductions and incentives. Critics worry it could dampen investment, especially in capital-heavy sectors, or complicate compliance. Supporters argue it would counteract aggressive financing structures that exploit incentives without corresponding economic activity. Given its nature, kokonaispääomakatto remains a topic of policy discussion rather than a settled regulation, and any implementation would include transitional rules and exemptions. See also: pääomaverotus, investointituki, korkovähennys.