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Slovak tax burden most reduced in EU

Slovakia reduced its tax burden the most of all EU member states between 1995 and 2005, according to an analysis by the Slovak Finance Ministry's Financial Policy Institute (IFP), the SITA newswire wrote.

While in 2005, tax and compulsory payments to insurance funds represented approximately the same portion of the gross domestic product as in 1995, which was slightly under 40 percent, the tax burden in Slovakia dropped from nearly 40 percent to 29.3 percent.

Compiled by Zuzana Vilikovská from press reports
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