NEWS BRIEFS

Coalition slows down tax reform

THE PARTIES of the ruling coalition have agreed to the request of town authorities not to cut state funding for local public transport. To be able to support local bus networks, the government will preserve real estate transfer taxes and road tax.

"That's life," Finance Minister Ivan Mikloš commented on 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.

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