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Prime Minister Andrej Babiš Gets Support For New Income Tax
2020-11-04
Following the abolition of the super-gross wage, political parties ANO and SPD have formed a coalition to replace it with a 15 % income tax to everyone earning under 137,000 Kč a month, and 23% to those earning more than that. Opposing parties argue that the income tax won’t be big enough to keep the government within its annual budget, especially since it’s not being offset by any new taxes or revenue sources. Miroslav Kalousek, former minister of finance and leader of the TOP 09 party, said that “If Andrej Babiš’s amendment is approved, our budget is going to be a complete write-off.” President Miloš Zeman had his own reservations about the amendment, placing a 2-year limit on it beforeRead more.