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Hungary: New Tax for Banks
Politics ♦
Published: June 27, 2013; 15:59 ♦ (Vindobona)
According to a legislative proposal by Economy Minister Varga, banks would have to face a further burden of around € 250m.
Hungary: New Tax for Banks / Picture: © Wikipedia / Végh Tibor
The Hungarian government wants to compensate for the loss in revenues from the transaction tax by means of a new burden for the financing institutes – with the exception of the Hungarian Treasury. The legislative proposal, which is a single payment, was submitted to the parliament yesterday by Economy Minister Mihaly Varga. The total of this payment is supposed to come at 208 percent…
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