Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Tax Freedom Day slips back 11 days

IN 2009 Slovaks had to work 11 days more than last year in order to fulfil their tax obligations, with Tax Freedom Day - the day on which people notionally begin earning solely for themselves - moving back to June 3, the F.A. Hayek Foundation, which works out the date each year for Slovakia, said on June 2, the TASR newswire reported.

IN 2009 Slovaks had to work 11 days more than last year in order to fulfil their tax obligations, with Tax Freedom Day - the day on which people notionally begin earning solely for themselves - moving back to June 3, the F.A. Hayek Foundation, which works out the date each year for Slovakia, said on June 2, the TASR newswire reported.

This year’s date puts the country’s economic redistribution level back to 2004, said the foundation’s president Ján Oravec. He blamed the outcome on the global economic crisis but also on growing spending by the government.

“The government should observe common sense and save,” Oravec said, as quoted by TASR.

“This is bad news for taxpayers,” Ivan Švejna from the Slovak Taxpayers Association told TASR. “The government is rejecting facts and reality.”

The foundation noted that it has been critical of both current and previous governments alike, as both had failed to save during times of high economic growth.

“Slovakia has come off worse as a result of the failure to take advantage of robust growth in recent years and to create reserves and save,” said foundation analyst Martin Chren.

According to the foundation, people earning gross salaries of €1,000 per month receive 48 cents for each euro earned, TASR wrote.

Top stories

My five-year-old daughter will almost certainly encounter a Weinstein too

It’s not that I thought sexually harassing women was okay, it’s more that I accepted that was just part of how things worked. Unfortunate, yes, but also standard.

Harvey Weinstein

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico