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Responding to a post on social media by Finance Minister András Kármán, who said the retailers tax would be amended to create a “level playing field, in line with European Union rules”, OKSZ said the sectoral tax should should be “revoked not amended”.
OKSZ told MTI that changes the ministry planned to the retailers tax would leave the top bracket at 4.5%, which would continue to weigh on businesses whose margins are already “very low”, OKSZ argued that the benefits of scrapping the retailers tax would exceed the impact of the drop in tax revenue as businesses cut prices, plough more money into investments and make more hires.
OKSZ said industry insiders were prepared to discuss the matter with the ministry and offer suggestions.
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