The transaction tax is liquidating especially for small Slovak companies. We call on the government to abolish it, says PS

The Minister of Finance knows that he blew it with the transaction tax, but he will never admit it, says economist and MP for Progressive Slovakia Štefan KIŠŠ. He identifies the departure of highly educated workers abroad as Slovakia's biggest economic problem. He also explains what key changes in the tax system he would like to implement and what consolidation should look like according to the progressives.

Transaction tax is liquidating for all Slovak companies, but especially for small ones. Opposition MPs from Progressive Slovakia have called on the government to abolish it, saying it has no economic or social meaning. On Thursday, the PS submitted an amendment to the law in the National Council, which deals with the financing of local governments and the abolition of the transaction tax as of May 1 this year. The tax that people pay until then …

The party submitted an amendment to the law on its abolition as of May 1st to the National Council.