Most of the proposed tax increases and austerity measures were initially rejected, but the Dumas did adopt a flat 20 percent tax on small business, a reduction in corporate profit tax from 35 to 30 percent, and a new 5 percent sales tax. The government pledged to implement the austerity measures to cut expenditures by 8 percent and increase revenue by 4 percent. Top priority will be given to improving tax collections. The prime minister has indicated the government's intention to implement permanent tax cuts in 1999. Many thanks to Finance for providing this information.
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