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Slovakia has lowest taxes in the EU

THE TAX burden in Slovakia, together with Romania, was the lowest in the whole European Union in 2007, according to data comparing overall government income to the countries’ overall GDP published by Eurostat for that year, the SITA newswire reported.

THE TAX burden in Slovakia, together with Romania, was the lowest in the whole European Union in 2007, according to data comparing overall government income to the countries’ overall GDP published by Eurostat for that year, the SITA newswire reported.

In Slovakia, just like in Romania, the overall income of the government was 29.4 percent of the GDP value. Lithuania’s figure was only slightly higher at 29.9 percent. Denmark had the highest tax burden in 2007, with government income accounting for 48.7 percent of GDP.

The average tax burden across the EU was 39.8 percent, which was a slight increase compared to the level of 39.7 percent in 2006.

The overall income of the government, according to Eurostat’s methodology, includes direct and indirect taxes, customs and social payroll taxes, SITA reported.

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