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Ragn-Sells CEO: Income tax makes my blood run cold

Глава компании Ragn-Sells: от налога на прибыль у меня кровь стынет в жилах

Ragn-Sells CEO and Employers' Central Union board chairwoman Kai Realo said the two percent corporate tax would not be a death blow, but the more frightening prospect was that a permanent 20 percent tax would be introduced for companies under pressure from the Social Democrats. Head of Ragn-Sells Kai Realo. Ragn-Sells CEO Kai Realo. Photo: Mihkel Maripuu

Ragn-Sells CEO and Employers' Central Union board chairwoman Kai Realo said the two percent corporate tax would not be a death blow, but the more frightening prospect was that a permanent 20 percent tax would be introduced for companies under pressure from the Social Democrats.

Translation: Sofia Soldatenko

"The corporate income tax is very survivable in the short term, and we as entrepreneurs can probably cope with it," Realo said. "What will the corporate income tax entail? In the short term, profits can be lost in a variety of ways: anyone who runs a business knows that when assets depreciate, profits will disappear from the balance sheet, or investments are made that are quickly amortized."

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