Patria Finance: proposed flat tax would leave 74% of employees worse off

The proposed introduction of a flat tax of 15% in the Czech Republic would make things worse for 74% of taxpayers according to a study by analysts Patria Finance. The study finds that the taxation of people's gross wage before social and health insurance deductions were made means that most employees would be worse off as a result of the mooted changes. The study is based on a new taxation system that has been widely reported in the media but yet to be confirmed. Finance Minister Miroslav Kalousek is due to present his proposed tax reforms in early April.