TNBiz (TNBiz)
Politics and Events  |  August 16, 2012 08:00:23

Senators will deal with taxes and retirement savings

PRAGUE (MEDIAFAX) - Senate Meetings will continue on Thursday at the 25th still meeting to discuss such a package of tax changes and an amendment to pension savings. It is assumed that both of those proposals deliver the Senate, where the preponderance CSSD, negative attitude.

Another original, which, after the Senate rejection of restitution of church probably does not pass, is a comprehensive package of tax changes. According to him, value added tax for the next three years increased by one percentage point to 15 and 21 percent of people receiving over 100 thousand crowns a month would be paid their new seven per cent tax. The package also limits spending packages for business owners, the abolition of tax credits for workers' retirement income or end caps on deductions for health insurance. The package of tax changes calculated with the limitationsgreen oil, increasing the real estate transfer tax and withholding tax.

On the agenda will be even more controversial government proposal, namely the law changing the pension savings. The standard should allow for putting money from the state pension account to private pension funds. Senate Committee on Health and Social Policy recommended that the upper chamber of Parliament did not support a draft. Senator and member of the Committee Bozena Sekaninova (CSSD) is justified by the fact that due to the diversion of money from the first pillar will continue to raise VAT, which negatively affect citizens including current pensioners.

On the contrary, the law, which found support for the CSSD, the amendment on the budgetary allocation of taxes under which the four largest cities in the Czech Republic annually lose 1.1 billion, farming other villages presumably about 12 billion stronger.

The meeting begins at 9:00.

Teresa Merry,

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