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Hungary Doubles Financial Transaction Tax
Politics ♦
Published: October 17, 2012; 20:54 ♦ (Vindobona)
The Hungarian Minister of Economics Gyorgy Matolcsy announced that the financial transaction tax will be increased to 0.2%. Moreover, the bank taxes will not be reduced.
Hungary Doubles Financial Transaction Tax / Picture: © Vindobona.org
Last week, the Hungarian government presented its new austerity program. Now, the financial sector faces another burden. Last year, the Hungarian government promised to cut the bank tax gradually. The financial transaction tax will replace the bank tax, Matolcsy said. Now, the bank tax will be kept. Furthermore, the financial transaction tax increases from 0.1% to 0.2%. The Hungarian…
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