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Slovenia: Banking Act Rejected by Parliament

Published: November 6, 2013; 14:20 · (Vindobona)

The Slovenian parliament has disapproved of the banking act which planned to introduce bail-in rules throughout the European Union.

Slovenia: Banking Act Rejected by Parliament / Picture: © Vindobona.org

Furthermore, the banking act included changes concerning the income tax as the automatic regulation of income tax brackets to inflation would have been done away with.

According to the National Council, the decision to veto the amendmends of the regulation of income tax brackets was made because in the long term it would unnecessarily further burden taxpayers to a broad extent.

On Monday, a petition against the planned real estate tax was initiated. In an attempt to reduce the massive fiscal shortfall, Slovenia is looking for new revenues. The property tax is supposed to bring about more than € 400m.