The Czech parliament’s lower house approved a tax package on Wednesday relied on by the minority government to reach planned budget revenues for 2020 and including a one-off tax on insurers’ reserves. The coalition of Prime Minister Andrej Babis’s ANO party and the centre-left Social Democrats, helped by the opposition Communists, pushed through tax hikes on tobacco, alcohol, gambling and other items which the Finance Ministry expected to add CZK 10 billion to revenue.
