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EU frowns on Slovak investment incentives

The Finance Ministry is to present cabinet today with the EU’s objections to Slovakia’s tax incentive policy to attract foreign direct investment, and the Union’s demand that Slovakia modify its incentives before joining the EU. The Union feels that the tax breaks Slovakia offers foreign investors – up to 10 years tax-free – constitutes ‘unfair tax competition’ that draws investment away from EU member states.

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

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