Slovakia Cannot Afford Six More Months of Transaction Tax, Employers Warn

Slovak employers' organizations have warned that the country cannot afford to continue its transaction tax for another six months. The employers cited negative consequences of the tax policy, pointing to collection results as evidence of its harmful effects. The transaction tax, which applies to financial transactions, has been a contentious policy measure in Slovakia. Employers argue that the tax is damaging the business environment and economic competitiveness, with the revenue collection data supporting their concerns about its negative impact on the economy.