Employers urge tax system stability

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Businessmen and entrepreneurs are generally pleased with Latvian tax policy and in particular government commitments not to introduce any major changes in the medium term, Latvian Employers' Confederation president Vitālijs Gavrilovs told LTV's Rita Panorama morning news show Tuesday. 

Gavrilovs said he was pleased that the government has signed an agreement with the business community on tax system stability, stressed that politicians needed to keep to their commitment not to tinker with taxes.

"It's very important to make it clear they have to do what they said," the ever-energetic Gavrilovs said, urging government and its social partners to act as "a single team" during the terms of the tax agreement which extends to 2017..

The agreement would help Latvian businesses tap new markets in Central Asia, the US, Canada and Japan, he maintained.

However, he was critical of the hurry in which the 2015 budget is being prepared as it does not allow detailed discussions of its effects and implications.

Gavrilovs also called for business and investors' interests to be considered during Latvia's forthcoming European Union presidency.

"It's businesses in the regions that form the basis for European competitiveness," he said.

"We need not just jobs but quality jobs" Gavrilovs said, and urged business and politicians to think of their potential marketplace extending "From Vladivostock to Lisbon".

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