State to benefit most from higher bonuses

Reducing taxes and levies would be more beneficial for people than increases in bonuses for holiday and night work, according to the latest survey carried out by the Slovak Business Alliance. The survey showed that most firms that operate beyond standard hours use weekend and holiday labour, but around half of them also operate at night. Firms already pay bonuses for this kind of work, with many of them paying even above the framework set by law. Almost 80 percent of businessmen opposed the introduction of bonuses for weekend work. According to the Alliance, the state will be the main party to benefit from increased bonuses, as it will increase its incomes, along with the incomes of insurance companies. Employees' salaries will go up significantly, which will also mean higher taxes and levies. Therefore, firms are concerned about the negative impacts of the measures, mainly referring to increases in labour costs and certain products, which will reduce the competitiveness of Slovak firms. Businessmen unambiguously agree that the taxes and levies of employees should be reduced. In addition, they called for an improvement in the business environment, mainly through combating corruption, cronyism and red tape.