Re: Business backs payroll tax cuts, Volume 11, Number 18, May 9 - May 15, 2005
The article states that payroll taxes are 25.2 percent for an employer. In fact, they amount to some 35 percent, which has caused my company to cease employing further staff in Slovakia and to now actively consider redundancies.
The overall payroll tax burden is simply too great.
However, consider the effect that the original 19 percent rate had on businesses and individuals. More take up of employment, more payments being made, transparent and honest contracts.
Now consider this: For my company, no more contracts and reductions in staff numbers, and for other companies, whatever the "Wind" (a recent clampdown on illegal employment practices) will find in other ways.
They just don't learn; cut down the number of people employed by the state, make the remaining staff work for their money and address the whole issue of "socialist state" benefits.
Harsh? Yes, but needed. There is still far too much waste and inefficiency in the Slovak state.
16. May 2005 at 0:00