Czech Republic needs progressive tax on incomes, says minister

06-12-2009

The minister of finance, Eduard Janota, says the Czech Republic needs to adopt progressive taxation of wages. Currently there is a flat 15-percent income tax. Speaking on a TV debate show, Minister Janota said, however, that a progressive tax system would have to be reasonable. He added that introducing a 30-percent tax rate on the highest earners would not necessarily bring billions of crowns into the state coffers.