Representatives of the coalition party and the union convened earlier to discuss a draft law for a tax reform, which is still to be passed before the end of the current legislative period.
LSAP officials thus prepared a document retaining 21 concrete proposals, notes parliamentary group leader Yves Cruchten in the joint press release. These include a “substantial reduction of income taxes and the introduction of a unique tax scale”.
OGBL president Nora Back supports the proposal and underlined in the statement that now is a favourable moment for such a reform, which, after all, was announced in the coalition agreement.
The LSAP thereby put pressure on one of its coalition partners, the Democratic Party (DP). Latter recently stressed that the proposed tax reform would cost an estimated €1 billion and warned that state finances have to be monitored before such a substantial change can be implemented.
