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IN SHORT

Distribution of extra tax from US Steel

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 would be distributed among institutions within Košice and Prešov regional governments to support regional projects.

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