Are you sure?

Social security tax cut would help growth, says Ernst & Young Hungary

Hungary's government should cut social security taxes, if possible, to jump-start the economy Ernst & Young tax director Szabolcs Vámosi-Nagy has said in an InfoRádió interview. Hungary lowered its social security tax rate to 27% in mid-2009, but Vámosi-Nagy believes it's relatively still too high. The government should also consider eliminating some minor taxes to simplify the system, Vámos said, but offering a tax amnesty to offshore companies would be dangerous, immoral and detrimental. (BBJ)