Coalition criticized for sharp tax hike

Jul 02, 2009
By Ashley Brettell

TALLINN - The Estonian government has come under heavy criticism from business leaders for increasing VAT from 18 percent to 20 percent, only giving the country six working days to implement the change. The government – which is desperate to manage its budget at no more than a 3 percent deficit – has decided to implement an almost immediate tax hike that has left many businesses in turmoil. The fact that the VAT rate increase was adopted and will take effect on July 1 is outrageous, says E ...

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