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Press release: On the European Union’s Digital Markets Act, “Fair Access”, and Vertical Integration

The European Commission, as part of its DMA (Digital Markets Act) regulatory package, is addressing, amongst many aspects of the internet ecosystem, the broader agenda of third-party access to platforms. Specifically, this concerns so-called “business users” who us...
Progressive Tax Hidden in Levies
levies

Progressive Tax Hidden in Levies

In its program statement, the government announced its intention to increase the progressivity of personal taxation. In the budget plan, it already speaks specifically of the intention to “introduce 3rd and 4th personal income tax rates from 2025,” which is expected to increase public revenues by EUR 78 million. A 3rd rate of 30% is to apply to annual personal income above EUR 80 000. Annual income above EUR 100 000 is to be taxed at the highest 4th rate of 35%.

IPN 4/2024: Progressive tax hidden in levies
tax

IPN 4/2024: Progressive tax hidden in levies

In its programme statement, the government announced its intention to increase the progressivity of personal taxation. In the budget plan, it already speaks specifically of the intention to "introduce 3rd and 4th personal income tax rates from 2025, which is expected to increase public revenues by EUR 78 million. A 3rd rate of 30% is to apply to annual personal income above EUR 80 000. Annual income above EUR 100 000 is to be taxed at the highest 4th rate of 35%.

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INESS Evaluation of electoral programmes 2023: Public finances
public finance

INESS Evaluation of electoral programmes 2023: Public finances

In the run-up to the 2023 early parliamentary elections in Slovakia, we at INESS analysed the programmes of all relevant political parties (those with more than 3% of potential votes in public polls.) We evaluated the programmes in the 5 main areas: education, healthcare, business environment, agriculture and public finances. We bring you our evaluation of the most important area of all: public finances.

Slovakia's general government deficit as a percentage of GDP is expected to be the highest in the EU this year, and the EC forecasts this undesirable EU leadership for Slovakia next year as well. The state has to borrow every sixth euro of its own spending. Consolidating public finances will require uncomfortable and extensive measures on the expenditure side.

In such a situation, we are well aware that without consolidating public finances, it will not be possible to implement good solutions in other areas of public life. Therefore, with our assessment, we would also like to appeal to the next government to approach the issue of public deficit in a sensible and responsible manner.

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