Joint Venture Association urges business unions to back changes to tax system

Banking

The Joint Venture Association (JVSZ) issued a statement on Thursday urging all of Hungary's business associations to back changes to the tax system which would broaden the taxpayer base instead of forcing honest taxpayers to pay more.

The association noted that even Prime Minister Ferenc Gyurcsány conceded that "the internal structure of the current tax system does not sufficiently support growth" at a meeting of the Investment Council in November. The competitiveness of Hungary's companies could be improved if taxes were lowered, which can happen after reinstating equilibrium, JVSZ said.
JVSZ added that public sector reforms should allow the state to operate with less revenue in future. The association urged the government to set a deadline and prepare a timetable for creating a tax system that would not only boost competitiveness, but also increase employment and reduce the grey economy.

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