Taxing the people's patience

  • 2009-12-10
December 16 is the anniversary of the Boston Tea Party, a milestone in humanity’s battle with greedy governments. And like the American colonists, today’s Latvians are getting fed up with unfair tax policies.Running Latvia has been an unenviable task this year. Plunging revenues and pressure from international lenders has necessitated massive spending cuts and tax hikes. Recent budget amendments raise the personal income tax from 23 percent to 26 percent. A 10 percent capital gains tax has been brought in and tax thresholds have been lowered. This follows earlier rises in ...
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