Saturday, November 2, 2013
The government should not introduce indirect taxes on families.
"In Budget 2014, the government should not introduce indirect taxes that could hit low and middle income families. Indirect taxes should be on luxury goods or financial transactions of over a certain limit", stressed the Communist Party of Malta .
The Party insists that “the government should re-introduce the 35 % income tax rate between the bracket of € 20,000 and € 60,000. This is a progressive tax as it varies according to how much you earn. Workers on minimum wage should continue to be exempt from income tax. Government should start considering the introduction of a tax on empty buildings."
"Government should also explore other possibilities of more direct revenue from areas that are making windfall profits, such as the banking, financial and on-line gaming sector. Loss in the public finances is a result of a unjust system, where those who earn more, are contributing the least."