Slovak News Back to the news
Zahradnik Advocates Lower Taxes and Deductions, Higher Pension Age
Wednesday 05 May 2010 Zoom in | Print page
Bratislava, May 5 (TASR) - Even though developments in the area of public finances may make it appear unrealistic, there is scope in the Slovak economy for a 1-percent reduction in taxes, said head of the extra-parliamentary Union-Party for Slovakia Branislav Zahradnik in an interview for TASR on Wednesday.
"As far as the quantity of taxes collected are concerned, it would actually bring in more funds," said Zahradnik, who also advocated cutting deductions and making their collection more simple.
The Labour Code is also fit for some changes, he said, calling for more liberalism and flexibility in this area. It seems to us that the system of social and legal protection in this area isn't balanced, as employees enjoy far better protection than entrepreneurs, he added.
Turning to the country's pension system, Zahradnik warned about its unsustainability in the long term. "We have to come clean on this, the retirement age must be raised," he said.
All rights reserved. Any publishing or further dissemination of press releases and photographs from TASR's resources without TASR's prior written approval constitutes a violation of the Copyrights Act.
