Opposition Party Renews Push to Abolish Slovakia's Financial Transaction Tax

Progresívne Slovensko (Progressive Slovakia), Slovakia's main opposition party, has again submitted a proposal to parliament to abolish the country's financial transaction tax. The party's lawmakers Michal Truban and Štefan Kišš argued that the tax is hampering economic growth and deterring foreign investment, describing it as an "economic absurdity." They cited data showing the tax has generated 200 million euros less revenue than the government originally projected. Slovakia introduced the financial transaction tax as part of broader fiscal measures, but it has faced criticism from business groups and opposition politicians who argue it makes the country less competitive for investment. Progresívne Slovensko, a liberal pro-European party that leads polling ahead of the ruling coalition, has made the tax's repeal a key economic policy priority as it seeks to present an alternative vision for Slovakia's fiscal approach.