Income-tax-rate deal unites political coalition

  • 2003-03-27
  • Aleksei Gunter
TALLINNRes Publica, the Reform Party and People's Union, the three Estonian political parties currently in coalition talks, agreed this week to a gradual decrease of the income tax - a major step toward setting up a new government.The parties agreed on tax reform on March 21 and could ink a coalition agreement later this week.According to the agreement, an annual 2 percent decrease of the current 26 percent income tax rate would start in 2004 and last three years. The monthly tax-free minimum income would increase by 400 kroons (25.50 euros) in 2004 and by 300 kroons in 2005 and 2006 to a c...
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