“The main measures include raising the value-added tax to 17% from 16%, beginning next month. In addition, income tax will rise between 1% and 3% for those in the middle tax brackets. The two lowest tax brackets and the highest bracket won’t see changes. Income-tax changes will take effect in January, according to the ministry of finance. Under the measures passed, employers will increase their payments to social security, which also funds the national health system.”

http://online.wsj.com/article/BT-CO-20120806-710447.html

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