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Higher tax for "millionaires"

IT IS expected that people who earn above-standard wages will pay a so-called millionaire tax as of next year, the daily Pravda wrote. The approved government manifesto, however, does not specify what the higher rate will be or what wage will be considered as above standard.

I think it would be just if MPs and state bureaucrats were to be included in [this group]. That's where the [higher tax] limit could be, said Finance Minister Ján Počiatek.

The gross monthly wage of MPs is currently Sk51,900. MPs also receive a flat compensation of Sk40,000 per month, but this sum is not taxed.

According to Počiatek, the higher tax should bring in Sk1-2.5 billion in extra revenues to the state per year. As part of the fiscal decentralization carried out by the previous government of Mikuláš Dzurinda, the majority of income tax collections go to their respective municipalities. According to Počiatek "a certain reevaluation of the situation will definitely be required" in this respect.

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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