Friday, September 7, 2012

Czech Parliament Maintains Flat Tax

On September 5, 2012, the Chamber of Deputies (lower house) of the Czech Parliament voted to reject Prime Minister Petr Necas’ proposal to impose a second tax rate of 26% on upper-income households, which would convert the country's 19% flat tax into a graduated tax with two rates of 19% and 26%.

The AP reported that the government (the prime minister and his cabinet) will resubmit the tax-rate increase to Parliament in three months as part of a no-confidence vote against the government.  If Parliament rejects the increase a second time, the government will fall and new elections will be called.

President Vaclav Klaus and several deputies of the ruling Civic Democratic Party stated that the tax increase was against their party’s values.

6 comments:

Octavio Salas said...

http://www.800tax.com our blog http://800tax.blogspot.com/ At 800 Tax we understand that owing money to any government agency can be nerve wracking and stressful but you shouldn't need to worry, by taking a proactive approach to your tax problem, you can rest assure that we will work hard and diligently to find the appropriate resolution plan that could help resolve your tax issues. So before you decide to hire us let's have a conversation where you can explain to us exactly how this tax problem was created. Call us today at 1.888.TAX.9200

Stephanus Sonata said...

Nice article, thanks for the information.
Steph @ sewa mobil jakarta

Clemencia said...

It's right for everyone to have a fixed tax rate whether they are part of the lower or upper class. In other countries, people with lower income suffer the most. While it would not be fair to either if those people who earn more will have a higher tax rate. After all, the more that they can spend, the more money will circulate and help to stimulate the economy.

Clemencia Summers

katti kane said...

Hi, you make mind blowing ideas and a spectacular article here. Last time, when I saw your site this was a little good but today I visit the web site again and find that you guys making a very smart work on the site. Today Web surfing is run very fast and a huge competition over the web is spread. So it is quite interesting. Thanks…MakaanSearch

Zagen Germaine said...

If you had the choice between taking out $40,000.00 of your inherited cash which is part of a larger IRA to pay off debts (but did not have to sell stocks to get that $ & your tax bracket is $15% but perhaps less since I am on SSD & earn less than 14,000.00 a year) or take out a 9% re-fill on a 2nd home, which is being rented for $1000.00 a month that will be sold in 3 years with a contract)- is it as simple as comparing interest rates to decide that a 9% re-fill is a better deal than a 15% deal? ( the 9% is non-negotiable as I can only get a "no doc/no asset loan" at that tax brackets unfortunately)or are there other matters to consider.

Jason Murphy said...

Its nice to hear that, if increase in tax rate is justifiable then its should be levied upon high income earning tax payers and low tax rates for low income earners.

tax preparation huntsville