The tax changes which the Czech government plans to present to the public on Tuesday could be more radical than had been expected, Euro OnLine server writes.

The cabinet had previously said corporate income tax would be reduced from the current 24 to 19 percent gradually over the next three years.

It now appears that the cut could be made at once already next year, the server says referring to a source from the Finance Ministry.

Euro OnLine also says that FinMin Miroslav Kalousek is looking for sources of additional revenues for the state budget.

One of his ideas is a capital gains tax on securities held for more than 6 months which have been exempt from this tax so far.

A team of experts set up by the previous Finance Minister Bohuslav Sobotka (Social Democrat) last year proposed that the period for securities ownership be extended from 6 months to 5 years.