VAT: A new tax hidden in the financing of much larger government
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PSA Peugeot Citroen Trnava based request a tax holiday of $ 18 6 million.
PSA Peugeot Citroen automaker not produce the Peugeot 208 at Trnava but instead of making a small city car with the name of the project, P21 He wants the Slovak state to contribute financially to the modification of the assembly line and the planned expansion of capacity, Sme daily wrote on April 4.
Peugeot Slovakia requires a revival of investment in the amount of nearly 19 million, in the form of a tax holiday; it plans to invest 165 million for expansion of production and hire 420 people with an average gross salary in 1395 The month calculations show that a new job will cost the state about 44,000 which is much more than the average for the years 2012 to 2016.
But experts see the biggest problem not the amount, but rather in the fact that even now, automakers are struggling to find appropriate work in Slovakia and often looking for employees abroad Thus, Slovak state would subsidize foreign workers rather than domestic products.
These companies employ people abroad and we subsidize jobs for foreigners; This makes no sense, Ľuboš Vančo of consulting firm KPMG Slovensko told Sme Moreover, he stressed that Peugeot operates in the west where there is a very low unemployment rate There is no reason provide stimuli ivnestment west of Slovakia, in his opinion.
There are two main reasons, according to experts, why the plant needs stimuli or why the state is willing to give them the first is that Trnava is competing with the Spanish plant for the production of P21 and if this resort offers revival of investment, the seat must consider the argument of leaving the production in Trnava otherwise would increase the long-term viability of the plant for years to come also as part of the purchase the french carmaker Opel.
With this step, the plant seeks to maintain its competitiveness in an effort which also has plants in other countries of the European Union, spokesman for the Trnava plant, Peter Švec, confirmed to the newspaper.
The government stimulus can also be a form of compensation for the fact that the British carmaker Jaguar Land Rover, received an amount of aid to nearly 130 million from the Ministry of Economy, which assesses the stimulus refused to comment.
Peugeot asked the Slovak government stimulus, Peugeot, slovak, government.
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