The Estonian Prime Minister, Juhan Parts, announced last week that the government has reached an agreement on controversial tax-reduction plans after a bitter row over the proposals threatened to destroy the ruling coalition.
The crisis came about some days ago when coalition partner the People’s Union announced its opposition to the government’s plan to reduce personal income tax from 26% to 24% in 2004, which, according to the Prime Minister, could have toppled the eight-month old coalition and with it the government.
However, after three hours of talks last Thursday, all parties have agreed to much deeper tax cuts to take place over the next four years. Though there will be no reduction in income tax next year, by 2007 the rate will be cut to 20%.
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