THE BUSINESS Alliance of Slovakia (PAS) welcomes the new government's intention to maintain the stability of public finances and to improve development conditions for all types of business. On the other hand, PAS is concerned about several commitments, chiefly in the tax and social areas, which may deteriorate the stability of public finances and the quality of the business environment, SITA wrote.
"These commitments may lead to a higher general government deficit and a higher financial burden on businesspersons," said PAS executive director Robert Kičina on Monday.
PAS is also concerned about a rise in the regulatory deficit as the government transfers certain responsibilities of the state to businesspersons. "We will closely monitor this development in the near future," added Kičina.
As far as the tax system is concerned, PAS would prefer a gradual cut in the VAT flat rate rather than a lower VAT rate on selected goods. Similarly, PAS thinks an overall easing of the financial and regulatory burden would bring higher benefits to the Slovak economy than the anticipated selective support for specific areas of the economy.
Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
8. Aug 2006 at 10:58