Impact of tax policy on the business economy

Miriam Buliková, Peter Bielik, Stefaniia Belinska


Taxation and tax policy are relatively much-discussed topics within every society, and this has been so in the past, it is today, and it will be in
the future. This is mainly due to the fact that no person or company is too fond of having to pay a certain part from their funds to the state in
the form of taxes. Each state chooses its own tax policy and its own tax system so that the specified tax policy does not impede economy and
economic development, but on the contrary, supports the business and economic growth. After the accession of the Slovak Republic to the
European Union, Slovakia had to accept a certain state of tax regulations and rules that was valid in the European Union. This was mainly in
order to use the common European market. The Slovak Republic has created its tax system in accordance with the rules of the European Union
and has been trying to find a compromise between the amount of taxes necessary for the fulfilment of the state budget and the amount of
taxes that would be most acceptable for the business sector and for people. Within the tax system, the Slovak Republic divides taxes into direct
and indirect taxes, direct taxes imposed on labour, income and property, and taxes on consumption by indirect taxes. Recently, the prevailing
opinion is that taxation should gradually shift from direct taxes to indirect taxes, to motivate people and businesses to achieve the best possible
results, and subsequently raise the necessary funds based on the increased consumption. Recently, both in Slovakia and in the European Union,
new excise taxes have been increasingly introduced. Traditional excise taxes such as taxes on mineral oils and fuels, tobacco and alcoholic
beverages are complemented by energy, environmental, and electronic taxes. Slovakia and the European Union want to reduce the burden
on the environment through these taxes on the one hand, and on the other hand, they must respond to the new challenges of globalization,
information, and communication.

business economics, tax, tax burden, tax implications, tax policy

Miriam Buliková, Slovak University of Agriculture in Nitra, Faculty of Economics and Management, Department of Economics, Tr. Andreja Hlinku 2, 949 76 Nitra, Slovakia, tel. +421-903-220082, e-mail:

Date of online publishing: 

Dr.h.c. Prof. Ing. Peter Bielik, PhD.
tel: +421376415518

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Slovak University of Agriculture in Nitra                                                        
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