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KDH in favour of tax sovereignty

THE CONSERVATIVE Christian Democratic Movement (KDH) plans to draft a declaration on tax sovereignty after the June elections in response to
growing pressures from the EU for taxes to be harmonized within the union.

According to the KDH's Vladimír Palko, if Europe harmonized direct taxes it would hurt the ability of pro-reform states like Slovakia to compete and catch up to the EU standard of living, the SME daily wrote.

"The European Commission wants to control the setting of direct taxes. [On the other hand] Western European states refuse to reform their labour laws and tax systems and are facing a major outflow of companies to new markets as a result," Palko said.

According to the KDH, Slovakia should insist on sovereignty over the setting of tax rates. The party's declaration would also bind future governments to resists efforts towards tax harmonization within the EU.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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