I would like to see the place where these currently allowed tax increases are enough for the planned defense spending, because the tax increase should be temporary, said Kristjan Pruul, a journalist who researched tax issues.
Bruul himself does not believe that the tax increase can be temporary, because the plans to buy defense equipment are very long-term. “I have my doubts that we will overcome this hurdle here in three years,” he said.
The interview also talks about corporate income tax and why it seemed that the government was hiding the fact that the 2 percent income tax will be collected on a person’s entire income.
Interviewed by Eget Velleste.
Kristjan Pruul on the tax increase: I don’t think it will be temporary
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Contrary to popular belief, the future government will not raise the income tax to 24 percent: the two percent security tax on people’s income will be calculated from the first euro.
In the new government, which promised clear answers and confidence, everyone’s mouths are locked on one point: how will the corporate income tax be collected anyway.
Finance Minister Jürgen Ligi stated that it is not yet known what form the corporate income tax will take. “I won’t hide that this is bad news for me, but I have to make it happen,” he said.
Tax increases are understandable at this time, but burdening the poorer part of society more with them does not tend to work, not to mention public outrage, writes Äripäev in its editorial.
The yen fell to a fresh 38-year low against the dollar. The last time the yen traded at such a weak level was in 1986. A currency crisis has started in the country, which is gathering momentum right now and is putting the government and the central bank in front of very difficult decisions.
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Source: www.aripaev.ee
