MARTIN VLACHYNSKY

NEWS + ANALYSIS

HOW THE RETAILER TAX IN SLOVAKIA WAS ABOLISHED

April 25, 2019 | by Martin Vlachynsky

Several Eastern European countries have been flirting with various forms of a “retailer tax.” This tax is similar (but not equal) to the value added tax (VAT) and the sales tax. The proclaimed aim of the tax is to “punish” international retail chains, who have been repeatedly blamed for problems of local farmers and the local food and beverages industry. In reality, it primarily hits consumers.

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INSIDE THE BATTLE ON THE RETAILER TAX IN SLOVAKIA

January 3, 2019 | by Martin Vlachynsky

The tax policy public discussion in Slovakia has been overwhelmed by a single topic during the last three months – the retailer tax. After a presidential veto, the law was voted on again in the national parliament and passed with a narrow margin of 78 in favor (out of 76 needed).

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BITCOIN: ESCAPE FROM CENTRALLY CONTROLLED MONEY

September 2, 2013 | by Martin Vlachynsky

Western governments resorted to unprecedented monetary interventions during the financial crisis. Quantitative easing, decreased privacy, capital controls, and criminalization of cash transactions have forced people to search for better money. Fortunately, they have potential alternatives. Many are looking to Bitcoin or similar cryptocurrencies. Bitcoin permits anonymous transactions through PCs and mobile phones without a financial intermediary. It is not real money – yet. So far it is mostly a club game for computer geeks, parts of the libertarian community, and a small number of dealers in illegal goods. But it could grow to something bigger because it serves the demand for a sound money that is beyond the manipulations of politicians and central banks.

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