Coalition slows down tax reform

Ruling parties agreed to the request of municipalities not to cut state funding for local mass transportation. To be able to support local buss networks, the government will preserve real estate transfer taxes and road tax.

"This is life," Finance Minister Ivan Mikloš commented the political decision. However, he also admitted that he has some alternative proposals.

Real estate agencies are likely to lash out at the idea of preserving taxes from transferring real estate. It will have the effect of sellers officially indicating ten-year old prices when selling real estate, experts say.

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

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