Analysis: Special sectoral taxes are here to stay
The Hungarian government has become highly dependent on sectoral levies introduced in the past few years, a napi.hu analysis revealed yesterday.
The sectoral levies, which have reached an annual HUF 400 bln a year, on the one hand are needed to finance the government’s central budget deficit, but on the other hand they deteriorate the Hungarian economy’s competitiveness and undermine fair competition.
According to the State Audit Office of Hungary (ÁSZ), HUF 2.976 trillion was collected through sectoral taxes between 2007-2014, two thirds of this amount within the last two years.
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