KDH: Transaction Tax Will Hit Slovakia Hard, Needs to Be Scrapped

Bratislava, April 1 (TASR) - The transaction tax will hit the Slovak economy hard, particularly the self-employed and employers, which is why it should be scrapped, as Slovakia is set to experience the adverse effects of the tariffs that are about to imposed by the United States on all EU exports, MPs Milan Majersky and Jozef Hajko (KDH) stated at a press conference on Tuesday. "The government of Robert Fico (Smer-SD) is incapable of facing the current challenges and threats that we have in Slovakia, whether it be the transaction tax, the danger of US tariffs or foot-and-mouth disease. These threats are so serious that they jeopardise the future of the Slovak Republic and its inhabitants," claimed Majersky. The transaction tax came into effect as of Tuesday and is due to hit Slovakia's economy extremely hard, said Hajko. It will impact mainly the self-employed, who have been forced to set up business bank accounts from which they must pay tax from every financial transaction to the state. Aside from this, the tax will affect employers as well, as they'll have to pay €50 annually for every single employee with the average Slovak salary. mf/df