Hungary asks EU members to join crackdown on tax evasion
The Hungarian government is urging member states of the European Union to make a concerted effort to crack down on tax evasion, the National Economy Ministry said today, according to Hungarian news agency MTI.
The ministry’s state secretary for EU funding Balázs Rákossy said at a meeting of tax office heads from all 28 EU members in Budapest today, that EU member states must learn from each other and work together to end tax evasion.
Citing a study by the European Commission, Rákossy added that EU member states lost approximately €170 bln in VAT revenue due to tax evasion in 2013.
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.