Slovakia should scrap financial transaction tax, OECD says

Slovakia should scrap the financial transaction tax, eliminate the differential income tax rates applied to small and large firms, reduce the number of VAT rates, and introduce means-testing for energy price subsidies and the 13th pensions, according to the OECD's Economic Survey. The OECD also recommends improving public finances, projecting the fiscal deficit at 4.3% of GDP in both this year and next. Reforms to boost productivity and employment as well as support for education are identified as priorities. Population aging requires additional curbs on early retirement. The OECD warns that upholding the rule of law and combating corruption are essential to securing economic growth.

(aktuality.sk, sme.sk)