Highest Tax Burden on Min Wage Earners in Hungary
According to the annual report of the International Labor Organization (ILO), Hungary has the highest tax burden on minimum wage earners, writes hrportal.hu.
According to another report by the ILO, out of 154 countries and territories, Hungary has the 59th lowest taxation of high-income earners.
The ILO examined the taxation of the minimum wage in 42 countries based on 2019 data.
The researchers were interested in how much of the tax and contribution burden employees pay in each country compared to the gross minimum wage.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
