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Company Director on Tax Increase: I'm Afraid This Is Just the Beginning

Руководитель предприятия о повышении налогов: боюсь, что это только начало

Today the government presented a new tax package, according to which tax rates will increase in the coming years. The head of the industrial company Jüri Tiidermann considers the introduction of a corporate income tax a bad decision. Money. Illustrative photo. Money. Illustrative photo. Photo: Arvo Meeks

Today the government presented a new tax package, according to which tax rates will increase in the coming years. The head of the industrial company Jüri Tiidermann considers the introduction of a corporate income tax a bad decision.

Translation: Sofia Soldatenko

One of the most important decisions in the government's new tax package was the much-discussed so-called temporary security tax on businesses: there had been debate for weeks about whether to tax labour, assets or some form of profit – and if profit, how.

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