How to avoid the financial transaction tax?

Within the basic discourse on the FTT, it is possible to come across standard and, in principle, intuitive solutions such as:

✅ Paying larger amounts,
✅ paying with a company card,
✅ using cash,
✅ accounts at one bank, etc.

Working with our clients regulated by financial market law, we have identified 3 superstructure options to legally circumvent the financial transaction tax.

👉 You can find them in my next blog.

In any case, their use is made possible largely by the expanding inflation of the state’s law-making incompetence. However, in addition to competence, Slovakia also lacks drive and “inter-departmental” managerial experience. In today’s state of affairs, not only can we not write even the most important consolidation law properly, but we cannot even change VAT rates without interpretation problems and logical contortions (this is determined by the countries themselves – it is not fully harmonised).

📌 It’s lucky that EU law allows us a maximum of 3 VAT rates…

It is a pity that we rather cultivate our “competence” in kicking the lying and bleeding neighbour from behind and not doing more honest work.