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ECONOMIC BRIEFS

Deputy PM Mikloš advocates 29% corporate tax

Deputy Prime Minister for Economy Ivan Mikloš said that he favoured lowering corporate tax from the current 40% to 29%, rather than the 35% the Finance Ministry has proposed. Mikloš said that whether companies paid 35 or 29% income tax made little or no difference to state budget revenues. "The 29% tax rate would have a stimulating effect, so in two or three years budget revenues would be higher than if we set the tax at 35%," he said.

Mikloš also said it might be possible to replace a scrapped increase to taxes on motor vehicles with a road tax for individuals. "If this becomes technically impossible, there is also still space to increase the consumer tax from tobacco, alcohol and gas," he said.

On September 23, Finance Minister Brigita Schmögnerová introduced a draft income tax law that is expected to take force on January 1, 2000, and that proposes to decrease the corporate income tax rate from 40 to 35%

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How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

EC: Focus on education and labour market

Some recommendations remain the same as last year.

Illustrative stock photo

No Slovaks among the victims of Manchester attack so far

The representatives of Slovakia have expressed their sympathy to the families of the victims.

Police guard close to the Manchester Arena in Manchester, Britain, on May 23, 2017, a day after an explosion.

Slovak paralympic athletes win gold and bronze at World Championship

Three Slovaks became world champions in table tennis in the TM2 category at the World Paralympic Championship in Bratislava.

L-R: Ján Riapoš, Martin Ludrovský in the Slovakia-Taiwan match at the paralympic world championship, May 19.