General government budget should be reduced from 50% of GDP to 40%, he said. The tax base should be broadened and the exemption from personal income tax for minimum wage earners as well as the revenue-based Local Business Tax should be scrapped, Bokros also said. He said the 20% corporate tax — the 16% corporate tax and the 4% “solidarity” tax combined — is not too high. (MTI-Econews)
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