Slovak Finance Minister Signals End of Transaction Tax as Coalition Prepares Negotiations

Slovak Finance Minister Ladislav Kamenický has indicated that the controversial transaction tax may be abolished, with coalition parties set to open discussions on scrapping the levy. Kamenický, who represents Smer-SD, the ruling social-democratic party that leads Slovakia's three-party coalition government, expressed expectations that an agreement will be reached on eliminating the tax. The transaction tax, which applies a small fee to electronic payments and bank transfers, has been a source of debate since its introduction, with critics arguing it burdens consumers and businesses while supporters view it as a revenue source for public finances.