Hungary financial transaction tax would be no more than 0.1%
A tax on financial transactions the government is mulling could be no more than one-thousandth of the amount, Prime Minister Viktor Orbán said on public radio early Friday.
Orbán said the government was "a long way" from taking a final decision on the introduction of the tax. He added that taxes should be changed mid-year only if absolutely necessary, which was not the case at present.
Orbán said the 2013 budget would "very likely" reduce taxes on labor while transferring the burden rather to consumption and turnover.
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.