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…