SP ČR is concerned EC Recovery Plan will increase taxation

(CIANEWS) - The Confederation of Industry and Transport of the Czech Republic (SP ČR) expressed concerns in connection with the European Commission's Recovery Plan that it could lead to an increase in corporate taxes or other burdens for companies. The EUR 750bn plan aims facilitate economic recovery from the coronavirus crisis. The countries and sectors most affected by the pandemic are to receive support from the fund. Among other things, the SP ČR considers a digital tax with an expected revenue of up to EUR 1.3bn controversial. Radek Špicar, vice-president of the SP ČR, stated that the association does not agree with the transfer of most of the revenue from the sale of emission allowances to the EU budget, and that the inclusion of a new countervailing duty would impose a carbon surcharge on imports of certain goods from non-EU countries.



Register newsletter

Get to know about Nordic Chamber, our press releases and all news, straight to your inbox.