Main Czech leftist party CSSD wants Senate to cancel law scrapping dividend tax as of 2014

By bne IntelliNews August 19, 2013

The main Czech left-wing party Social Democrats (CSSD) are calling on the caretaker cabinet of PM Jiri Rusnok to submit to the Senate a proposal to cancel the law that scraps the tax on dividends as of next year fearing that if the law comes into force it will strip the state budget of billions of crowns, CTK news agency reported.

Rusnok’s government can pass the proposal to the left-dominated Senate if, as expected, the lower house of the parliament votes to dissolve itself later this week. The lawmakers will vote on Aug 20 on a motion to dissolve the parliament after Rusnok’s government failed to win a vote of confidence and three of the main political parties (CSSD, far-left Communists and centre-right TOP 09) voiced support for early elections seeking to end a political standoff that started in June with the collapse of the centre-right government of Petr Necas amid a bribery and spying scandal and delayed measures to kick-start the economy that according to preliminary figures exited its longest recession on record in Q2.

CSSD, tipped by opinion polls as the likely winner in the snap vote, has pledged to undo some of the collapsed centre-right cabinet's pension reform and tax utilities and banks to boost public revenue.

Related Articles

Poland’s PKN Orlen launches offer to delist Czechia’s Unipetrol

Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more

Petr Kellner agrees to buy Skoda Transportation for reported €400mn

Petr Kellner, Central Europe’s richest man, has agreed to buy Skoda Transportation, the Czech manufacturer of electric trains, trams and ... more

CEFC and Penta reported to be bidding together for CME

CEFC, the acquisitive Chinese energy group, and Penta Investments, the closely-held Slovak financial group, are bidding together for Time Warner’s stake in Central European Media Enterprises (CME), ... more