Slovakia: Flat Tax to be Abolished

Politics ♦ 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: ©

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…