As previously reported, the new Czech coalition government is considering an ambitious public finance and tax reform. On 3 April 2007, further details on these reform plans, summarized below, were announced.
Corporate income tax
The government plans to reduce gradually the corporate income tax rate (currently, 24%) to 22% in 2008, 20% in 2009 and 19% as of 2010, with the aim to promote the inflow of foreign investment into the Czech economy. The…