Czech News Daily

Taxes will increase

The ODS (Civic Democrats) has admitted, for the very first time after the elections, that it will very probably have to increase taxes. The reasons include the poor budget situation and the promised pension reform, for which the emerging government will need new resources. Petr Necas, the likely future prime minister, will support the proposals of the Bezdek pension commission. It plans a transfer of several tens of billions of crowns yearly from the state pension system to private accounts, at which everyone will save money for him or herself. The TOP 09 (Tradition, Responsibility, Prosperity) agrees with the proposal of the Bezdek commission as well.  Source HN 1