11. pants

In view of the conceivably

beneficial effects on the business climate, we will reduce the

corporate income tax rate from 25 to 22 percent in 2002. This

rate reduction will not apply to taxpayers benefiting from tax

exemptions. We will review all current tax exemptions under the

corporate income tax law, with a view to accelerating their full

elimination which is currently planned for 2005. Additionally, we

will not reduce the tax rate for social insurance contributions

and the property tax.