Opposition: Transaction Tax Must Be Abolished, It Hurts Businesses

Bratislava, April 1 (TASR) - The transaction tax must be abolished, as it hurts businesses and employers in Slovakia, opposition PS and SaS parties claimed on Tuesday. "We're giving the government the last chance to fix this. We're submitting an amending proposal to scrap the transaction tax as of May 1 and return the tax income collected in April back to taxpayers," stated PS chair Michal Simecka, who added that the government is driving away businesses that could help fuel Slovakia's economic growth. PS MP Darina Luscikova underlined that the state will tax every single expenditure of entrepreneurs with this type of tax, whether it be the procurement of material, the use of mobile phone or even the payment of employee salaries. The tax will be paid also by starting businesses. Luscikova warned that because of the introduction of the transaction tax, every tenth entrepreneur entertains terminating his or her business activities in Slovakia and up to half of the firms will introduce austerity cuts to their development plans, salaries and number of personnel this year. mf