Slovenia: Real Estate Tax Wobbles

Politics ♦ Published: October 22, 2013; 20:54 ♦ (Vindobona)

The ruling parties could not agree on a common standpoint yet. The controversial real estate tax may fail.

Slovenia: Real Estate Tax Wobbles / Picture: ©

Due to its severe financial situation, Slovenia´s government is looking for new revenues. The property tax may bring about € 350m for the ailing country. This corresponds to 1.1% of the country´s GDP. According to Minister of Finance Uros Cufer, the tax rate will range between 0.07% and 0.75% of the property value.

Initially, the Slovenian Parliament should officially approve…