TALLINN - Estonia nearly averted a government crisis this week, as the People's Union put forward a new package of budget recommendations that would allow for a cut in the income tax rate but would also introduce new taxes, a deficit budget and the possibility of spending part of the nation's reserve fund. In a letter sent Nov. 24 to its coalition partners Res Publica and the Reform Party, the People's Union reportedly suggested imposing a so-called capital tax - an additional tax for the real estate and company stake owners - to make up for the projected budget shortfall that has led to th...
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