Minister of Finance against New Taxation Ideas Skip to content

Minister of Finance against New Taxation Ideas

Minister of Finance Árni M. Mathiesen does not approve of ideas presented by the Federation of General and Special Workers (SGS) on Wednesday that those who earn less than ISK 200,000 (USD 3,200, EUR 2,200) per month pay a lower tax than others.

SGS proposed that minimum wage earners pay 15 percent of their salaries in taxes instead of the current 35 percent, ruv.is reports.

SGS has presented similar ideas before without much support from authorities.

Minister of Finance Árni M. Mathiesen said he dislikes the idea of different taxation steps, but would not comment on how the government plans to react to SGS’ proposal, as the state does not take part in wage contract discussions before they are in the finishing stages.

Click here to read more about SGS’ ideas.

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