Spectator on facebook

Spectator on facebook

Finance Minister defends tax reform

SLOVAK Finance Minister Brigita Schmögnerová and the current minister Ivan Mikloš have again expressed very different opinions about the economy, the daily SME reported.

Schmögnerová, who currently works as the vice-president of the European Bank for Reconstruction and Development, said at a Central European Initiative (CEI) economic forum in Bratislava that the flat tax contributes to a considerable growth in the gap between rich and poor, and to social inequality.

"The most frequent argument is that the tax reform results in GDP growth, a decrease in poverty, and a rise in living standards. Unfortunately, this is not the case," said Schmögnerová.

Minister Mikloš insisted, however, that the tax reform in Slovakia has not negatively influenced low-income groups.

"An analysis disproved statements that the flat tax is only advantageous for the rich and damages the poor," said the Finance Ministry in an official statement.

"Cancelling the reforms, or revising them, as proposed by [opposition Smer party chairman Robert] Fico or Mrs. Schmögnerová would threaten the growth of employment and the living standards," said the ministry's spokesman Peter Papanek.

Interestingly, Papanek also worked as the ministerial spokesman under Schmögnerová, when he defended her policies, wrote the daily.

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

Top stories

Šumiac breaks sweat record: first sauna to be revived

The sauna built in Šumiac by miller Michal Demo after returning from Russian captivity was the first one not just in Slovakia but in the entire former Czechoslovakia. Now it can be saved and re-used.

The construction of first Slovak sauna in Šumiac

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between August 18 and August 27, as well as regular services in different languages, training for foreigners in English and highlights of the year.

Pivobrana - Beer Festival

Have you ever climbed a via ferrata? Photo

In central Slovakia, there is one also suitable for beginners. Here are some of the views it offers.

Agrokomplex opens its gates Photo

This year’s exhibition has more discussions with experts and a family programme.