Are you sure?

Hungary: Benefits offered for domesticating offshore wealth

According to plans in Parliament’s economy committee, those willing to transfer 50% of their wealth in offshore companies to Hungarian bonds would be eligible to deduct 75% of the amount from their taxes while also being offered a beneficial, 5% dividends tax.

Experts told the daily Napi Gazdaság that the opportunity is hardly likely to evoke any major responses, since those with considerable offshore assets do not need that money to cover their daily operations, while taking advantage of the central opportunity would mean exposing themselves to the tax authority. On the other hand, offshore asset holders could choose to take advantage for the sake of security, as the EU as well as the US are increasingly looking to crack down on offshore assets. (Gazdasági Rádió)