Hungary: Taxes to Be Raised

People ♦ Published: June 18, 2013; 20:43 ♦ (Vindobona)

Shortly before the parliamentary summer recess taxes were raised by the government of Viktor Orban.

Hungary: Taxes to Be Raised / Picture: © Wikipedia / Végh Tibor

The Prime Minister announced that the last adaption package would not have been necessary due to the favorable situation of the state budget and the surprising economic growth prospects, and that they were only implemented because of the demand by the European Union. However, Finance Minister Mihaly Varga today announced the most recent increase in taxes.

A raise is planned for…