Two important tax decisions that have not made a lot of noise despite being very important have been passed by the government in March. The first new is that the government had decided to shelve the introduction of the new land tax that was supposed to reform the current Land & House tax. The second news is about the pros and cons of a reform of the personal income tax system.
Reform of the Land Tax
To shelve the reform of the land tax is in my opinion a mistake because the current system does not work at all (which may be why so many landowners put pressure on the government to keep the current system.
Reform of Personal Income Tax
The second news is that the Government is currently studying the pros and cons of changing the current income tax system in relation to personal income tax to introduce a flat rate instead of the current progressive rate.
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Originally posted 2012-04-10 16:30:39.