Hungary: Financial Transaction Tax to be Extended

People ♦ Published: June 30, 2012; 19:40 ♦ (Vindobona)

The Hungarian government plans a growth stimulus program, which should be funded with the extension of the current financial transaction tax.

Hungary: Financial Transaction Tax to be Extended / Picture: © Vindobona.org

Orban´s government resolved to initiate a growth stimulus package in order to conquer the recession. In 2010, the Hungarian government resolved to introduce a bank tax. The bank tax was brutal, but necessary, Orban recently said in Vienna. The Hungarian Prime Minister explained that he would have concrete plans for Hungary´s economy. This would be the reason for the introduction of…