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SBA: No reason for extra tax, as banks paid €267m in tax in 2010

Banks paid €266.90 million in direct and indirect taxes into Slovakia's state budget last year, the Slovak Banking Association (SBA) said on Tuesday, April 26. Of the total, €173.40 million was paid in the form of income tax, with indirect taxes, non-deductible tax and VAT accounting for the remainder.

Banks paid €266.90 million in direct and indirect taxes into Slovakia's state budget last year, the Slovak Banking Association (SBA) said on Tuesday, April 26. Of the total, €173.40 million was paid in the form of income tax, with indirect taxes, non-deductible tax and VAT accounting for the remainder.

"This money ends up in the state budget as available income. The higher the sector's profits, the higher the taxes we pay into the budget. So, we don't understand Finance Minister Ivan Mikloš's initiative to introduce another, special tax on banks," SPA executive director Ladislav Unčovský told the TASR newswire. The idea of levying a special tax on banks from 2012 is included in Slovakia's Stability Programme for 2011-14.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
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