Re: Deltaria
Posted: Thu Oct 21, 2021 3:30 pm
ZLOUTENE OKO
NVS TO PROPOSE TAX BREAK
Cahtice, August 17, 5016: Novy Verny Svaz (NVS) has introduced a revenue bill in the Federal Chamber. Finance Minister Ignac Stepanek explained to ZLOUTENE OKO:
Finance Minister Stepanek
NVS TO PROPOSE TAX BREAK
Cahtice, August 17, 5016: Novy Verny Svaz (NVS) has introduced a revenue bill in the Federal Chamber. Finance Minister Ignac Stepanek explained to ZLOUTENE OKO:
We have quite a surplus and NVS believes some of it should be used for a tax cut at the lower end of the tax scale. This bill does just that. It reduces the tax rate for everyone making less than 40000 DTE and uses about 17 billion of the 119 billion surplus in the budget to accomplish this.
Still ahead the Federal Chamber will need to decide what additional funding is needed for the safety net, economic stimulus, internal security and national defense. Funds are available.
Some will ask why cut now before we decide where to spend. NVS would answer first that there is plenty of surplus left to deal with these concerns and second that sales tax could be raised a little with very little effect on consumer spending and there is still room to raise the luxury tax some or the corporate tax a little without harming the economy
Accordingly we do hope at some point the Federal Chamber will give this bill its attention.
Finance Minister Stepanek