Payroll tax cut can be even higher  

Payroll tax cut can be even higher

Payroll tax cut can be even higher

News clipping (1)

The Fiscal Council estimates that the payroll tax cut could be higher than 1%, as planned for next year's budget. While this is a step in the right direction, they estimate that the disburdening could and should be much greater. However, wage expenditures have prevented a stronger reduction in corporate taxes, which will reach 61% in 2020. The Fiscal Council has proposed a reduction of contributions and labor taxes by around EUR 150 million. The government, however, opted for an excessively and economically unproductive increase in public sector wages of 9.6 %, leaving half of that in tax and contribution cuts. The Fiscal Council believes that a two-year reduction in the fiscal disburdening could be an important stimulus to the economy (down from 63 % to 58 %).

Lates media about us

Media about us archive

Latest news

News archive