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Portugal unveils income tax hike

Thursday, 04 October 2012   (0 Comments)
Posted by: SAIT Technical
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By SAPA (Business Report)

The Portuguese government announced a generalised income tax hike on Wednesday, one of several new austerity measures meant to replace earlier proposals that met with stiff popular opposition.

At a news conference, Finance Minister Vitor Gaspar unveiled a 4.0-percent extraordinary tax and said that Portugal's income tax brackets would also be reduced from eight to five.



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