Tax reform will only consist of corporate income tax cut
The coalition party SaS rejects four measures from the tax reform draft unveiled by Finance Minister Igor Matovič (OĽaNO). These are elimination of a cap on social levy payments, millionaire tax, hike in the dividend tax and higher taxes for sole traders, banks and energy companies. It either backs the remaining measures or is willing to discuss and approve them after minor adjustments. The party wants the coalition to immediately approve the changes that have the support of the entire coalition. The remaining measures are to be discussed. It is concerned that the proposed reform increases the overall tax burden and increases mandatory public spending. (sme.sk) It seems likely that the tax reform will only consist of a corporate income tax cut, more flexible depreciation, and higher child benefits.
