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.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
