PN tax cuts to cost €46.58 million, PM says
The Nationalist Party’s proposed tax cuts are estimated to cost the country around €46.58 million (Lm20 million), Prime Minister Lawrence Gonzi said today. However the measure would generate enough economic activity to enable the government to recoup...
The Nationalist Party’s proposed tax cuts are estimated to cost the country around €46.58 million (Lm20 million), Prime Minister Lawrence Gonzi said today. However the measure would generate enough economic activity to enable the government to recoup this amount within two years, Dr Gonzi told a PN discussion in San Gwann.
As a result the government would remain on target for a budget surplus in 2010, he said.
The event was also addressed by ENT Specialist Alec Lapira, stockbroker Elaine Bonello and National Council of Women president Grace Attard.
Dr Lapira, who had been prominent in the EU Yes Campaign five years ago, said that the Nationalist Party in government has consistently achieved results in the country’s best interest. He said the Prime Minister was the person he could trust with his children’s future.
Ms Bonello said that the proposed tax cuts would greatly benefit the self- employed, among others. The tax breaks in favour of women would give them the opportunity to go back to work.