Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Financial transaction tax passed

A EUROPEAN financial transaction tax (FTT) will become a reality after 11 eurozone countries, including Slovakia, approved it on January 21. Finance ministers from Luxembourg, the Czech Republic, Malta, and the UK were the only ones to oppose the tax, and their countries will not adopt it for now, the Sme daily wrote.

A EUROPEAN financial transaction tax (FTT) will become a reality after 11 eurozone countries, including Slovakia, approved it on January 21. Finance ministers from Luxembourg, the Czech Republic, Malta, and the UK were the only ones to oppose the tax, and their countries will not adopt it for now, the Sme daily wrote.

The original rates – 0.1 percent for bonds and 0.01 for derivatives – should be preserved, although the proposal will undergo a re-draft.

Slovakia wants to be assured that the FTT will not affect the competitiveness of the financial sector, said Slovak Finance Minister Peter Kažimír, as quoted by the TASR newswire, after the session of EU finance ministers in Brussels.

The FTT has reached another level, he said.

“When it comes to our interests, there’s still an effort to prepare such a type of tax ... which won’t worsen the competitiveness of our financial sector and won’t represent an additional burden that could consequently be transferred on to clients,” Kažimír said.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

The presidential race winner is clear, but he refuses to run

The ruling Smer still does not have its candidate. They want the foreign affairs minister, but do not have his backing on the migration pact.

The Grassalkovich Palace is the residence of the president of Slovakia.

How to translate famous anti-war sonnets into English? Photo

Queen Elisabeth II appreciates the hundred-year-old Slovak poetry, since still topical today.

Pavol Országh Hviezdoslav

Kuciak did not even have a computer as a child and he grew up to be an analyst

A village boy who angered Marian Kocner. A profile of Ján Kuciak, who recently received the White Crow award in memoriam.

Ján Kuciak

UPDATED: Lajčák considers resignation if the migration compact is rejected

The foreign affairs minister also admitted to some disputes with PM Robert Fico.

Foreign Affairs Minister Miroslav Lajčák