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Slovak independent MP proposes higher tax rate for banks

Peter Gabura, who was expelled from the Christian-Democratic Movement (KDH) parliamentary club in 2007 and now serves as an independent MP, wants parliament to introduce a higher income tax rate for banks. According to his draft amendment to the law on income tax, the tax rate for banks would go up to 25 percent from the current 19 percent, the SITA newswire reported.

Peter Gabura, who was expelled from the Christian-Democratic Movement (KDH) parliamentary club in 2007 and now serves as an independent MP, wants parliament to introduce a higher income tax rate for banks. According to his draft amendment to the law on income tax, the tax rate for banks would go up to 25 percent from the current 19 percent, the SITA newswire reported.

“The objective of the amendment is to increase the solidarity level of the tax mechanism of entities to which the state provides special privileges. Such entities are corporate entities that hold a bank license. Our legal system provides banks an exclusive status in economic life. Almost no economic activity can be carried out without using bank services. This guarantees banks high incomes, which result from their legal status,” Gabura told SITA on June 8.

According to the independent MP, it is only fair for these entities to contribute more to the common treasury than other economic bodies. Gabura said that his draft proposes a return to the tradition of solidarity in the tax system. SITA

Compiled by Zuzana Vilikovská from press reports
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