BUSINESS BRIEFS

Tax evasion robs the state of billions

THE GREY economy accounts for 12 to 15 percent of the gross domestic product, while tax evasion makes up a considerable part of its losses.

Cigarette producers estimate that the evasion of excise taxes on tobacco products amounts to SKK 1.7 billion (€40.5 million), while 10 percent of all cigarettes in circulation are smuggled into the country.

Evasion of excise taxes on spirits is estimated at about SKK 1.2 billion (€28.6 million), as 30 percent of spirits currently available on the market are untaxed.

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News digest: Ex-special prosecutor found guilty, while critical journalists charged

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Pope Francis and President Zuzana Čaputová at the airport.

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It was nice while it lasted. Which wasn’t long.


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Journalist Monika Tódová

Charges brought against two Denník N journalists

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Slovak cyclist Peter Sagan at the last stage of Around Slovakia.

Slovak cyclist Sagan wins Around Slovakia

He triumphed despite failing to win any of the five stages.


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