ADVERTISEMENT

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.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.