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Further austerity measures and higher tax rates for Portugal

Published on Oct. 17, 2012

 
Read Further austerity measures and higher tax rates for Portugal

The Portuguese Government presented in the Parliament the State Budget for 2013 on Monday. In the words of Vítor Gaspar, Minister of Finance, the Budget, the most austere budget ever in Portugal, includes a “sharp tax rate increase.”

The Judges Association announced that in case the document passed as it is -the Government has absolute majority- they will ask for "an inspection on its constitutionality", since they consider “the Budget violates tax system's principles, such as the ability to pay, envisages by the Constitution.”

The Council of Ministers drew up the State Budget after a 20-hours meeting. The Government expects to accomplish its deficit reduction commitment, cutting GDP to 4.5%.

First, the number of stages for the Personal ...

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