In Business News this week: the Czech finance minister puts forward plans for a radically simplified “super tax”; the Czech tractor maker Zetor sees a 14-percent rise in sales; the Ministry of Agriculture launches a huge organic food promotion campaign; there is speculation the country’s biggest search engine could go on the block; and a Czech travel agency is offering flights in space on Virgin Galactic.
Finance minister proposes radical “super tax”…
The minister of finance, Miroslav Kalousek, wants to introduce a radically simplified tax system in two years' time, Hospodařské noviny reported this week. The most eye-catching aspect of his proposals is a single 40-percent “super tax”, merging income tax and social insurance. Mr Kalousek told the newspaper that in any case social welfare contributions were nothing but a pension tax. As well as making things simpler for the payee, the change is intended to make collecting tax easier and less costly for the state.
…and plan to prevent companies moving elsewhere
Minister Kalousek is also proposing that companies do not pay taxes from dividend and capital gains. The aim is to prevent companies moving to states with more favourable tax conditions, he said.
Tractor giant Zetor sees 14-percent rise in sales
Ministry launches biggest organic food marketing campaign ever
Speculation over future of biggest Czech search engine Seznam.cz
Agency selling tickets to space
A Czech travel agency is now offering trips into space. The Typ Agency says around 25 Czechs have signed up to travel on Virgin Galactic, which is set to begin going into orbit from the end of next year. Five minutes of weightlessness will set them back CZK 3.2 million.