Finance Minister Andrej Bajuk outlined the tax changes being prepared in Slovenia as he took part in the Luxembourg Financial Forum meeting on Friday. He also presented his views on proposals for tax harmonisation in the EU.
Bajuk spoke as part of a debate examining the pros and cons of tax harmonisation and tax competition in the EU. He said that the benefits of harmonisation of certain indirect taxes means that that there is a possibility for harmonising certain direct taxes.
However, he pointed out that to achieve harmonisation of direct taxes in the EU, the economies of the member states would have to achieve greater convergence. Also taking part in the debate on tax harmonisation were French Finance Minister Thierry Breton, Governor of the Central Bank of Luxembourg Yves Merch and Slovakian Finance Minister Ivan Miklos.
The participants concluded that a certain amount of tax competition is beneficial for the EU, although efforts must be made to prevent unfair competition, the Slovenian Finance Ministry said.
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