Slovakia Imposes Tax on Tax Evasion

Politics ♦ Published: November 4, 2013; 22:03 ♦ (Vindobona)

In order to reduce the capital outflow, Slovakia imposes a 35% tax rate on transactions to tax havens.

Slovakia Imposes Tax on Tax Evasion / Picture: ©

Slovakia fights against tax evasion by new means. According to the Slovak newspaper “Hospordarske noviny”, the Slovak government plans to impose a 35% tax on all transactions to tax haven countries. The tax will not be imposed on transactions the EU countries like Malta and Cyprus, however.

After Slovakia has abolished the flat tax at the beginning of this year, the country…