World Economy

Czech PM Wants Tax Revolution

Czech PM Wants Tax RevolutionCzech PM Wants Tax Revolution

Czech Prime Minister Bohuslav Sobotka said in an interview published on Saturday his party should seek a “tax revolution” focusing mainly on progressive taxation for both individuals and companies, CNBC reported. Czechs have a 19% corporate tax since 2010, while salaries have been taxed at a 15% flat rate since 2008 when it was introduced by a center-right government. Sobotka said this system was created by the “big and rich” who passed the tax burden onto the weak. “We cannot maintain this system, we have to crush it,” Sobotka told Pravo daily paper.

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