Govʼt to cut taxes to preserve jobs
Photo by Nor Sham Soyod / Shutterstock.com
Addressing the matter of another proposal by the Hungarian Chamber of Commerce and Industry (MKIK) to suspend the local business tax and reduce the corporate tax rate, Prime Minister Viktor Orbán told Kossuth Rádió in an interview that the climb would be steep but necessary.
Photo by Nor Sham Soyod / Shutterstock.com
"I am committed to tax cuts of a tangible scale in 2021, whether the central budget has to carry that burden or municipal councils, too," he added. He said financing central government or local government expenditures is "secondary" to preserving jobs.
"We have to cut taxes in any case, because if we donʼt cut taxes there wonʼt be jobs," he said.
ADVERTISEMENT
Mapei Targets 6% Higher Revenue This Year
Parliament Negates Mandatory Membership in MOK
Magyar Suzuki to Start Dual Training Courses
Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...
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.
