The Government wants to put an end to capital circumventing the Hungarian tax system, Government Spokesperson András Giró-Szász said on public television. He noted that an estimated total of HUF 1,000 billion (€3.4 billion) may be in Swiss offshore accounts, and some HUF 275-320 billion may have been transferred from Hungary in a single year. In addition, Hungary is on the global list of 20 countries, compiled by The Observer, in which capital flight is highest. According to their data, a total of USD 242 billion left the country between 1970 and 2010, twice the Hungarian national debt.
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