Which statement best describes the Slovak flat-tax reform of 2004?
Answer and explanation
Correct answer: C. It introduced the same tax rate for all taxpayers
- Step 1: The government of Mikuláš Dzurinda reformed taxes in 2004. Step 2. A flat rate for income, profit and value added tax was introduced to make the system simple. Answer: the flat-tax reform. Why not the others: A progressive tax is the opposite, income tax was not abolished, and the euro came in 2009.
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