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IJF: Croatia has reached tax maximum

ZAGREB, Feb 16 (Hina) - Croatia collects more taxes than allowed by its tax capacity which is why there is no more room for a further increase of tax rates and introduction of new taxes. Instead of that, attempts at fiscal consolidation should be directed at increasing the effectiveness of the existing taxes and, even more, at reducing public expenditure, Marina Kesner-Skreb of the Institute of Public Finance (IJF) has said.

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