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BUDGET BRIEFS

Finance Minister defends laws in parliament

Finance Minister Brigita Schmögnerová introduced a series of revisions to tax bills - which the cabinet has approved - to parliament on November 12, and urged MP's to pass them in shortened legislative proceedings.

In her presentation, she reacted to criticism attacking the cabinet's request to fast-track the draft revision to the Income Tax Act. "This bill should have been passed four years ago," she said, declaring she is fully aware of the draft's negative impact on the state budget income. She criticised the present opposition for not lowering the income tax for private individuals and corporate tax during the 1994-1998 period when it governed this country.

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