Estonia abolishes corporate income tax

  • 1999-08-26
  • Brooke Donald
TALLINN - After several weeks at the negotiating table, the ruling three-party coalition surprised observers by settling on a budget that abolishes corporate income tax as of Jan. 1, 2000. The council also announced that customs tariffs would be imposed on imports from non-EU countries beginning on the same date. "It happened as a compromise," said Jurgen Ligi, chairman of the Reform Party faction. "There was great necessity for compromise." There had been growing speculation that the Reform Party led by Finance Minister Siim Kallas would not make good on one of its key electoral promises b...
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