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 „Fyrst hélt ég að þetta væri eitthvað grín“ Innlent Varðstjóri leystur undan vinnuskyldu vegna gruns um njósnir Innlent Þrír látnir eftir skotárás í Uppsölum Erlent „Viltu ekki tala við mig eins og ég sé gamalmenni“ Innlent „Í guðanna bænum höldum vöku okkar við aksturinn" Innlent „Við þrífumst ekki til lengdar ein“ Innlent Njósnaaðgerðir sagðar tengjast deilum tveggja af auðugustu mönnum landsins Innlent Furðar sig á umdeildri Exit-auglýsingu og hækkar veiðigjöldin Innlent Ný stjórn Ríkisútvarpsins kjörin Innlent Selfyssingar buðu lægst í brúasmíði á Vestfjörðum 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 „Fyrst hélt ég að þetta væri eitthvað grín“ Innlent Varðstjóri leystur undan vinnuskyldu vegna gruns um njósnir Innlent Þrír látnir eftir skotárás í Uppsölum Erlent „Viltu ekki tala við mig eins og ég sé gamalmenni“ Innlent „Í guðanna bænum höldum vöku okkar við aksturinn" Innlent „Við þrífumst ekki til lengdar ein“ Innlent Njósnaaðgerðir sagðar tengjast deilum tveggja af auðugustu mönnum landsins Innlent Furðar sig á umdeildri Exit-auglýsingu og hækkar veiðigjöldin Innlent Ný stjórn Ríkisútvarpsins kjörin Innlent Selfyssingar buðu lægst í brúasmíði á Vestfjörðum Innlent