Latvian legislators say 2010 budget proposal satisfies IMF demands

Nov 04, 2009
Staff and wire reports

RIGA - Finance Minister Einars Repse (New Era) says he does not see the possibility right now for any chance of introduction into Latvia’s tax code of a progressive personal income tax, reports news agency LETA. He defends his position by pointing to neighboring countries Estonia and Lithuania, noting that they also have no progressive personal income tax policy. Earlier this summer the Finance Ministry proposed introducing changes to the tax code to bring in a progressive income tax, but th ...

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