The principal changes currently planned are: (1) an increase in the personal tax-free income from €10,180 (US$11,092) to €13,500 (US$14,710) for all workers (but not pensioners); (2) a widening of the 45% tax bracket so that the highest rate of 50% comes in at €60,000 (US$65,378) instead of €42,370 (US$46,163), and (3) the valuation of all benefits-in-kind (except company cars) according to their actual value rather than notional flat-rate amounts …
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