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New coalition kicks tax cut promises down the road

Major tax cuts for households either failed to materialise or were postponed

Finance Minister Gilles Roth (r.) with his predecessor Yuriko Backes and Prime Minister Luc Frieden at the government's swearing in ceremony on Friday © Photo credit: Christophe Olinger

The CSV-DP government has largely shelved its bullish and election-winning promises of major tax cuts as both parties say the country's finances came in worse than expected, with only one measure set to kick in from the start of next year.