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Hungary: Bank Tax Intake Lower than Expected

Published: September 10, 2012; 19:17 · (Vindobona)

The bank tax proceeds only reach 40% of the planned volume.

Hungary: Bank Tax Intake Lower than Expected / Picture: © Vindobona.org

The tax intake from the bank tax will be substantially lower than planned. The Hungarian government expected a tax intake of HUF 187bn (€ 655m). However, proceeds only reached about HUF 75bn (€ 266m), the newspaper “Nepszabadsag” reports. According to the newspaper, this is due to the allowance of deducting the bank tax from losses of foreign currency loans.

The Hungarian…

This article includes a total of 94 words.

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