Orbán: Sectoral taxes will stay; personal income tax will shrink
The special taxes on the the financial, energy, retail and telecommunications sectors will remain in place for as long as the ruling Fidesz government is in power, Prime Minister Viktor Orbán said today.
In his regular interview on public radio station MR1, Orbán also said that, by 2018, the government would introduce a single-digit tax on personal income, to replace the current 16%. He said that this reduction in personal taxes would be possible with 4-6% growth in GDP, and maintained that expectations of this level of growth are reasonable.
Part of the plan for increasing GDP involves a scheme to reduce unemployment to zero, by increasing the number of public works jobs that are available.
As for the controversial advertising tax, passed by Parliament on Wednesday, the Prime Minister said that the publishing sector must take up their share of the public burden.
“We will collect HUF 9 bln - 10 bln forints from a sector that is large and works with huge profits," Orbán said, adding that the advertising tax was not about balancing the budget, but more about “justice”.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
