Slovakia's 2004 Tax and Welfare Reforms

37 Pages Posted: 3 Mar 2006

See all articles by David Moore

David Moore

International Monetary Fund (IMF)

Date Written: July 2005

Abstract

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.

Keywords: tax reform, welfare reform, Slovakia

JEL Classification: H20, H53, I38, E62

Suggested Citation

Moore, David, Slovakia's 2004 Tax and Welfare Reforms (July 2005). IMF Working Paper, Vol. , pp. 1-37, 2005. Available at SSRN: https://ssrn.com/abstract=888002

David Moore (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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