Statement of Stefan Peter, President of the Foreign Investors Council on postponing the progressive taxation

“In business life, it is an absolute normal thing to try out measures and withdraw them when not successful enough.

The FIC sees the return to the flat rate tax system as a courageous step of the government.

That doesn´t necessarily mean to lose the social aspiration, but a step forward to ensure the development of a healthy economy, which is the backbone of every society.

In a global context, where countries are competing for a better investment environment, it is essential not to create economic disadvantages.

We believe that the missing tax income from the progressive tax, can be easily compensated by higher profit tax from increased revenues of FDIs.”