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May 23rd, 2012
Czech Prime Minister Petr Necas said on Wednesday he expected the government package of tax changes to make it through the Chamber of Deputies because without them a budget with a deficit of under 3 percent of GDP could not be created and "there would be no reason for the government to continue". The government agreed on measures that include a VAT rise from 15 to 21 percent and restrict flat expense write-offs of self-employed people earlier this year.
CTK
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