SNS to Propose Scrapping of Transaction Tax at Coalition Council

Bratislava, April 5 (TASR) - The Slovak National Party (SNS) will propose the scrapping of the transaction tax at the coalition council; if it fails, it will insist on its modification, TASR was told by SNS chairman's office head Zuzana Skopcova on Saturday. SNS believes that the tax has no justification and should be scrapped on July 1, but no later than January 1, 2026. "The first days have clearly showed that this tax is a disaster for small and medium-sized businesses," said the party, adding that it's inconceivable that it should continue to be used regardless of the state of public finances. SNS says the tax is 'brazen' and inefficient and has no place in the Slovak tax system. According to the party, it's also high time for the Finance Ministry to present a tax reform. "A systemic setup that reflects the fair principle of taxation, namely lower taxes for lower earners and higher taxes for higher earners," said the party. SNS went on to say that if it were more successful in the next parliamentary election, the scrapping of the transaction tax would be a condition for SNS to be part of any coalition. "The state has enough tools to be able to ensure its functioning regardless of the introduction of such 'audacious' taxes as the transaction tax," pointed out the party. am