Tuesday, November 5, 2013

“Positive but fails to address income tax rate problem”

The Communist Party of Malta views the 2014 Budget that although it has a large number of positive measures such as the reduction in energy prices, free child-care centers and incentives in the labour and employment sector, the party feels that the government should have introduced more direct measures to benefit those families with low and middle-low income, who are bearing the burden.

“The government could have been more socially just if his income tax policy was one that benefits all levels of society. Government should have adjusted the tax ceilings instead of just reducing income tax top rate for high earners. The tax reduction from 32% to 29% is anti-social measure”.
“Other positive measures announced are the measures to streamline the health system, education, measures benefiting the disabled, part-timers and students”.       

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