Distribution of extra tax from US Steel approved

AT ITS July 13 session, the Slovak cabinet approved a proposal by the Finance Ministry to distribute the additional Sk400 million (€10.3 million) received through US Steel Košice's tax bill.

The additional income tax was agreed between the company, the Slovak government and the European Commission last year. The parties agreed to restrict the original tax break given by the Slovak government, the SITA news agency reported.

Finance Minister Ivan Mikloš told journalists after the cabinet session that the funds will be distributed among institutions within Košice and Prešov regional governments to support regional projects.

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

Get daily Slovak news directly to your inbox

Top stories

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.

No balanced budget for next three years, this time due to COVID-19

2021-2023 general government budgets lack consolidation measures.

Finance Minister Eduard Heger

Pity the nation

Americans’ choice of president on November 3 will affect Slovaks too.

The second US presidential debate.

Extension of the tram line deeper into Bratislava’s Petržalka is closer to completion

After completion, passengers will be able to go from the very end of Petržalka to the city centre in 10 minutes.

The current tram terminal station on Jungmannova Street in Petržalka.