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 Vill tollalaus viðskipti við Evrópu Erlent Allt að 18 stiga hiti á morgun en súld og léttskýjað í dag Veður Veitingahús vilji ekki bara ráða ófaglært starfsfólk Innlent Wow fékk bestu þjónustu Airbus eftir að Icelandair valdi Boeing Viðskipti innlent Ísraelsher viðurkennir mistök eftir birtingu myndefnis Erlent Þúsundir mótmæltu Trump á 1.200 mótmælum Erlent Söfnuðu 140 milljónum fyrir Kvennaathvarfið Innlent Sektaður fyrir of stutt bil milli bíla Innlent Reynst erfitt að laga tvígreiðsluvillu en gefast ekki upp Innlent Tveir unnu tæpar 80 milljónir hvor 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 Vill tollalaus viðskipti við Evrópu Erlent Allt að 18 stiga hiti á morgun en súld og léttskýjað í dag Veður Veitingahús vilji ekki bara ráða ófaglært starfsfólk Innlent Wow fékk bestu þjónustu Airbus eftir að Icelandair valdi Boeing Viðskipti innlent Ísraelsher viðurkennir mistök eftir birtingu myndefnis Erlent Þúsundir mótmæltu Trump á 1.200 mótmælum Erlent Söfnuðu 140 milljónum fyrir Kvennaathvarfið Innlent Sektaður fyrir of stutt bil milli bíla Innlent Reynst erfitt að laga tvígreiðsluvillu en gefast ekki upp Innlent Tveir unnu tæpar 80 milljónir hvor Innlent