The term “wage” and its size are very important in national discussions about labor markets, taxes and insurance payments, but also part of international comparisons for investors deciding to build a factory or to place investments in a specific country. A lot of confusion has been created by the introduction of gross wage with arbitrary distinction between “employee paid” and “employer paid” taxes and contributions.
The term “wage” and its size are very important in national discussions about labor markets, taxes, and insurance payments, but also as a part of international comparisons for investors deciding to build a factory or place investments in a specific country.
According to a representative survey commissioned by the economic think-tank INESS, very few Slovaks know what employer levies are paid today, or what their actual amount is.
The tax system should not be used to implement social policy objectives. The tax system should be purely a mechanism that collects from citizens and companies, in the least distortionary way, the least amount of money necessary for the functioning of the state, the financing of its obligations and its policies.
The Slovak Minister of Finance claims a tax and contribution burden on self-employed people should be increased in order to be “fair“ in comparison to employees. Why can’t we put a sign of equality between these two statuses? Why doesn’t the term “fair“ make sense?
Both employers and employees were doing their utmost to maintain performance at work relatively uninterrupted – with the aid of online solutions allowing for remote work. And so, we have suffered a lot, but we have also learned a lot.
As life-expectancy has increased during the past decades, governments around the world are trying to figure out a sustainable retirement-income regime. These regimes vary significantly around the world.
Prior to the crisis triggered by the COVID-19 outbreak, the Lithuanian economy had been enjoying a rapid growth. Yet, while the number of available jobs had been increasing, the number of unemployed had remained steadily high.
