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EU taxes according to Slovakia

AS OF 2008, EU member states should have a common corporate tax base. According to the European Commission, the EU tax model should include, similarly to the Slovak one, as few exceptions as possible, the daily SME reported.

"In the EU there are 25 different corporate tax systems," warned European Commissioner for taxes László Kovács. In his opinion a unified system would make life easier to those firms that are active in several EU member states.

Unanimous support is required to approve the common corporate tax base in the EU. According to Kovács, 20 of the 25 members agree with the plan.

Kovács said that the Slovak model could be an inspiration for the common EU tax base.

"Their [Slovak] base is simple, they don't have the various exceptions or special regimes. That is very good," said Kovács.

Slovakia opposed the common tax system in the EU. However, according to Kovács, he has seen a shift in opinion after a recent meeting with Slovak Finance Minister and Deputy PM Ivan Mikloš.

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

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