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Higher salary levies proposed

The Labour Ministry has proposed that middle to higher income people and their employers pay higher dues to social funds than the 50 per cent premium on total wages at present, by raising the salary ceiling used to calculate the obligations.

Parliament is to discuss the proposal next week, but economic analysts have already warned that the move, which would raise ths salary ceiling from Sk32,000 a month to Sk41,200, would cost employers millions of crowns and would lead to job cuts. The analysts also warned of the dangers of increasing revenues to social funds without reforming the social system and bringing greater efficiency to state spending.

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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