A Superb law
When the BBC asked Škoda Auto Chair Vratislav
Kulhánek what he thought of the cabinet's reform
plans, he said they're better than nothing. He
could have rejoiced over the introduction of a Kč
900,000 limit on business write-offs of cars, but
he didn't. That might have tipped his hand. Škoda
is coming under heavy pressure from importers and
will soon have to face a new domestic producer,
and the Kč 900,000 limit is seen by some people
in the industry as a made-to-order partial
solution to Škoda's woes. Its Superb, priced
around Kč 1m, suddenly becomes very attractive to
managers. A dispute in the Senate this week over
the wording of the bill could perhaps be a
counter-lobbying effort from the law's
detractors. The Kč 900,000 limit won't mean much
to the state in terms of higher tax revenue, but
it means a lot to the car industry and to some
companies.
|