⚡️🇸🇰 Slovakia to Scrap Financial Transaction Tax Blasted by Companies
Slovakia’s government plans to scrap a financial transaction tax introduced last year that drew sharp criticism from businesses and the opposition. Prime Minister Robert Fico said he’d asked the Finance Ministry to prepare legislation to abolish the tax as of January 1.
The measure was widely criticized by the opposition and business groups, which said it damaged Slovakia’s competitiveness as it was the only country in the eurozone with a comparable levy. It also brought in less revenue than the government had originally planned.
@QSIMedia
Slovakia’s government plans to scrap a financial transaction tax introduced last year that drew sharp criticism from businesses and the opposition. Prime Minister Robert Fico said he’d asked the Finance Ministry to prepare legislation to abolish the tax as of January 1.
The measure was widely criticized by the opposition and business groups, which said it damaged Slovakia’s competitiveness as it was the only country in the eurozone with a comparable levy. It also brought in less revenue than the government had originally planned.
@QSIMedia