ADVERTISEMENT

Hungary will not give up independent tax policy, PM says

Interview

Hungary does not wish to join any agreement which involves tax harmonisation or giving up a nationally independent and competitive tax policy, Prime Minister Viktor Orban told an international news conference in Budapest on Thursday.

Mr Orban said, however, that it was important that the euro zone should solve its crisis and that Hungary would not do anything to block its ability to do so.

"While we did not cause the euro-zone crisis, and we cannot provide a solution to it either, we don’t want to put an obstacle to the members of the euro zone solving difficult, unresolved issues," Orban told the news conference held jointly with his Czech counterpart Petr Necas.

He said putting a common budgetary policy behind the single currency was a great endeavour and he wished them luck in this enterprise.

He added that Hungary was among the best performing members of the EU in terms of fiscal rigour and a predictable economy because it was able to adhere to a rational financial policy without having to contend with outside pressure.

Mr Orban said enhanced European fiscal discipline would not provide any guarantee or security for Hungary since the country itself was already keeping a stern watch over its finances.

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.