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Hungary Does not Exclude to Increase Bank Tax
Politics ♦
Published: October 20, 2012; 13:38 ♦ (Vindobona)
Prime Minister Orban refers to the pressure coming from Brussels. Hungary must reduce the budget deficit below 3.0% of GDP.
Hungary Does not Exclude to Increase Bank Tax / Picture: © Vindobona.org
This week, the Hungarian government decided to keep the bank taxes. Initially, the bank taxes should be replaced by the financial transaction tax gradually. The bank tax comes to 0.53% of total assets. This is still far beyond the average tax rates of other EU members. The tax was introduced in 2010. Last year, the Hungarian banking sector paid bank taxes of € 260m. At the beginning…
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