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Slovakia: Flat Tax to be Abolished

Published: July 10, 2012; 18:49 · (Vindobona)

This summer, the Slovakian government will resolve a package of 22 measures in order to fight public debt.

Slovakia: Flat Tax to be Abolished / Picture: © Flickr

Slovakia´s new Prime Minister Robert Fico presented the austerity package this week. Next year, public expenses should be lowered by € 1.7bn. The government deficit should be kept below 3.0%. What is more, taxes should increase by € 1.0bn. Above all, entrepreneurs and employed persons and self-employed persons are affected.

Slovakia´s budget deficit amounted to 7.7% in 2010…

This article includes a total of 199 words.

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