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Ivari Padar: Estonia is going to change its taxation system

Juhan Tere, BC, Tallinn, 19.02.2009.Print version
Eesti Päevaleht: the Minister for Finances Ivari Padar stated that the Government will change Estonia’s taxation system during preparing the State budget for the next year, writes LETA.

The Minister for Finances Ivari Padar

"The dramatic events in the past six months have clearly indicated that we will not be able to make ends meet with the current taxation system," stated Padar in his article in Eesti Päevaleht. He noted that the new taxation policy will mean that the income tax cannot be lowered any more while according to current laws, the individuals" income tax rate will fall to 20% next year.

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