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Hungary: Financial Transaction Tax May Increase
Politics ♦
Published: December 13, 2012; 21:24 ♦ (Vindobona)
As the tax proceeds are behind the government´s expectations, the controversial tax may increase
Hungary: Financial Transaction Tax May Increase / Picture: © Vindobona.org
Hungary´s Financial Council explained that the implementation of the financial transaction tax is risky. “The implementation contains risks which could not be taken into account. Above all, consumption is declining. As a result, the government may be forced to revise the tax rate if the tax intake does not reach the expectations.” Hungary´s government wants to achieve tax proceeds…
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