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 Simmi lýsir áralöngu umsáturseinelti: Sat um hann í bílakjallara Innlent Íslendingur grunaður um heimilisofbeldi handtekinn í Grikklandi Innlent Eigandi bíls fullur af bensínbrúsum handtekinn Innlent Styttan tekin niður eftir harðar deilur um klúran barm Erlent „Norska leiðin“ sé leið Sjálfstæðisflokksins Innlent „Fordæmalausar hörmungar“ í Frakklandi Erlent Vörðuóðir ferðamenn fremji náttúruspjöll Innlent Aðeins 1,5 prósent ræktarlands enn aðgengilegt og nýtanlegt Erlent Tveir fluttir með þyrlunni og fjórir með sjúkrabíl Innlent Tollarnir tilefni til hvorra tveggja örvæntingar og léttis 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 Simmi lýsir áralöngu umsáturseinelti: Sat um hann í bílakjallara Innlent Íslendingur grunaður um heimilisofbeldi handtekinn í Grikklandi Innlent Eigandi bíls fullur af bensínbrúsum handtekinn Innlent Styttan tekin niður eftir harðar deilur um klúran barm Erlent „Norska leiðin“ sé leið Sjálfstæðisflokksins Innlent „Fordæmalausar hörmungar“ í Frakklandi Erlent Vörðuóðir ferðamenn fremji náttúruspjöll Innlent Aðeins 1,5 prósent ræktarlands enn aðgengilegt og nýtanlegt Erlent Tveir fluttir með þyrlunni og fjórir með sjúkrabíl Innlent Tollarnir tilefni til hvorra tveggja örvæntingar og léttis Innlent