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Slovakia’s 2004 Tax and Welfare Reforms
Author:
Mr. David Moore
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Series:
IMF Working Papers
Volume/Issue:
Volume 2005: Issue 133
Language:
English
Publication Date:
01 Jul 2005
DOI:
https://doi.org/10.5089/9781451861525.001
ISBN:
9781451861525
ISSN:
1018-5941
Pages:
36
Keywords:
WP; tax rate; income tax; rate; income
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The paper reviews Slovakia's comprehensive reforms to its taxation and welfare systems in 2004, including the introduction of a flat-rate income tax and single-rate value-added tax (VAT), and linkage of social benefits to participation in labor market programs. Though revenues following the reform are lower as a ratio to GDP, the paper argues that the reforms have helped encourage investment and improved efficiency by broadening the tax base, reducing the administrative burden, and improving work incentives. The paper also looks at some implications of the reforms for income distribution and social protection.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund