1. Introduction

Taxes play an important role in the country's economic policy. They represent one of the basic revenues of the state budget or municipal budgets. Every tax has its justification in the tax system and fulfills a certain role. The fact is that tax issues are very extensive and demanding, and therefore, the objective of tax optimization is to create a tax system that is simple and optimal for each business subject [16]. The fundamental problem of EU in area of taxes is tax harmonization and tax competition in the European Union [15]. Basic institutes of the tax

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process are important tools that affect the tax process of business subjects and have a significant impact on the quantification of the tax base and the amount of tax liability [1]. The basic prerequisite for improving the business environment is the regulation of laws in terms of support for entrepreneurs so as to find an optimal balance between tax revenues, that is, the tax burden on business subjects and the attractiveness of the country for labor and capital. The tax administration should respond to the current difficult economic conditions, and that is why it changes its anti-tax strategy and focuses on new areas. The business area is still struggling to meet all tax obligations while trying to create added value in business [14]. An important reality of the business environment is to know all laws and to use legal tools to optimize the tax base. The strategic goal of business is to optimize the tax base and business with value added and tax reduction in all areas of taxes. Multimodal transport is an opportunity for a more ecological approach to the environment in EU states and total exemption of

Taxes and Their Impact on the Business Sector in Slovakia

http://dx.doi.org/10.5772/intechopen.74383

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vehicle tax [13], and such opportunities create space for creative business (Table 1).

The tax-deductible burden expresses how high the rate of taxation is or what part of GDP is made up of paid taxes and levies. How many resources are available to the country for redistribution through public finances? The Paying Taxes study 2017 shows the tax burden on companies in Slovakia, which is 10% higher than the global average and EU/EFTA average. Basic macroeconomic indicators associated with fiscal burden measurement include tax quota 1, tax quota 2, tax multiplier, expenditure multiplier, and multiplier of balanced budget. The tax quota is a macroeconomic indicator that does not reflect the impact of tax and levy on economic entities and individuals but pursues the country's priority objective of achieving the highest tax revenues that form the fiscal policy instrument and is the main source of revenue

2. Macroeconomic indicators of taxes

for the state budget (Table 2, Figure 1).

Figure 1. Trend of tax quota in Slovakia. Source: Eurostat.

Source: Refs. [2, 3, 4, 8, 9, 12].

#### Table 1. Taxes in Slovakia.


Table 2. Taxes quota in Slovakia.

process are important tools that affect the tax process of business subjects and have a significant impact on the quantification of the tax base and the amount of tax liability [1]. The basic prerequisite for improving the business environment is the regulation of laws in terms of support for entrepreneurs so as to find an optimal balance between tax revenues, that is, the tax burden on business subjects and the attractiveness of the country for labor and capital. The tax administration should respond to the current difficult economic conditions, and that is why it changes its anti-tax strategy and focuses on new areas. The business area is still struggling to meet all tax obligations while trying to create added value in business [14]. An important reality of the business environment is to know all laws and to use legal tools to optimize the tax base. The strategic goal of business is to optimize the tax base and business with value added and tax reduction in all areas of taxes. Multimodal transport is an opportunity for a more ecological approach to the environment in EU states and total exemption of vehicle tax [13], and such opportunities create space for creative business (Table 1).
