Tax reform to face opposition in Parliament

The tax reform proposed by the Czech cabinet to raise money to finance repairs of flood damage will face opposition in Parliament. The main opposition Civic Democrats said they would not support the government-proposed package of so-called flood taxes, claiming that the floods is only an excuse for a tax reform and that there are other ways to finance repairs of flood damage, such as revenues from privatisation. The Lower House is to vote on the proposal next Thursday. The tax reform proposal which the government will finalise on Sunday, should bring an extra 10 billion crowns to the state budget next year. The government wants to increase the consumer tax and VAT, as well as to introduce a special tax on personal income exceeding 900,000 crowns annually. The other opposition party, the Communist party, is not satisfied with