Thursday, March 17, 2011

CZECH REPUBLIC - The book victim of the pension reform

Funding for this last must be provided by a VAT increase to 20%, which would result in higher prices for books and the press. "The three-party coalition government are still discussing the pension reform and VAT," said the daily. One proposed alternative would be to impose a single rate VAT at 17%. But its effect would be paradoxical, because "the price of food, media and drugs would increase while those of cars, tobacco, alcohol and electronics go down." "Pension reform is a farce," complained his side Hospodářské noviny.

"Instead of the pension reform, we discuss the death of books and intellectual regression. Instead of saving a people, we have a people disillusioned by higher prices." Pension reform, an issue all over Europe, read on Presseurop. had

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