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Analysts say proposed payroll tax cuts are cosmetic

PAYROLL taxes for the self-employed might be reduced starting next year, the daily SME reported.

Labour Minister Ludovít Kaník said that taxes paid by the average, self-employed Slovak to cover health insurance costs could drop from 4.4 percent to 2.8 percent of their income.

Liberal economist Martin Chren from the F A Hayek foundation says payroll tax reform would be successful only if reduces all payroll taxes by at least 50 percent.

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

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