Tax Cuts Pending 20. júní 2006 12:53 According to sources close to Fréttablaðið, the tax-free yearly income ceiling could be raised up to nearly 95,000 ISK. In addition, child welfare payments - paid regularly by the state to nearly every parent in country for each child under 16 - could be extended until children are 18. Meanwhile, labour unions are fighting to reduce personal income tax from 38% to 15% for those with a yearly income of 150,000 or less. Tax cuts have already been made in the corporate sector - from 50% to 18% - and in capital gains tax, which is currently at 10%. Former Prime Minister Halldór Ásgrímsson told an economics conference last month that he would prefer to cut taxes than raise minimum wages, in response to increasing inflation. Current PM Geir H. Haarde is not expected to deviate from this policy. - pfn News News in English Mest lesið Ótrúlegur árekstur: „Ég sá bara dekk og púströr“ Innlent Trump-liðar heita hefndum Erlent Ríkið situr á þúsundum hektara af framræstu votlendi Innlent Yfirlæknir gagnrýnir auglýsingu gegn lyfi við RS-veiru Innlent Sagði frá fyrirætlunum sínum í SMS-i fyrir morðið Erlent Skýrt að Ísland sé ekki griðastaður stríðsglæpamanna Innlent „Ég mun ekki sjá eftir honum“ Innlent Trump höfðar 15 milljarða dala mál gegn New York Times Erlent Frumvarp um afnám laga um orlof húsmæðra lagt fram í tíunda sinn Innlent „Þetta var vissulega ekki í starfslýsingunni“ Innlent
According to sources close to Fréttablaðið, the tax-free yearly income ceiling could be raised up to nearly 95,000 ISK. In addition, child welfare payments - paid regularly by the state to nearly every parent in country for each child under 16 - could be extended until children are 18. Meanwhile, labour unions are fighting to reduce personal income tax from 38% to 15% for those with a yearly income of 150,000 or less. Tax cuts have already been made in the corporate sector - from 50% to 18% - and in capital gains tax, which is currently at 10%. Former Prime Minister Halldór Ásgrímsson told an economics conference last month that he would prefer to cut taxes than raise minimum wages, in response to increasing inflation. Current PM Geir H. Haarde is not expected to deviate from this policy. - pfn
News News in English Mest lesið Ótrúlegur árekstur: „Ég sá bara dekk og púströr“ Innlent Trump-liðar heita hefndum Erlent Ríkið situr á þúsundum hektara af framræstu votlendi Innlent Yfirlæknir gagnrýnir auglýsingu gegn lyfi við RS-veiru Innlent Sagði frá fyrirætlunum sínum í SMS-i fyrir morðið Erlent Skýrt að Ísland sé ekki griðastaður stríðsglæpamanna Innlent „Ég mun ekki sjá eftir honum“ Innlent Trump höfðar 15 milljarða dala mál gegn New York Times Erlent Frumvarp um afnám laga um orlof húsmæðra lagt fram í tíunda sinn Innlent „Þetta var vissulega ekki í starfslýsingunni“ Innlent