No Evidence Hungary Lost On Volkswagen Emission Scandal

  • 11 Nov 2015 8:00 AM
No Evidence Hungary Lost On Volkswagen Emission Scandal
There is no direct evidence that Hungary has made any losses in connection with Volkswagen’s emission scandal, the economy ministry said in response to the opposition Dialogue for Hungary (PM) party’s question regarding losses. It would be premature to guess if any tax revenue was lost in connection with the vehicles registered in Hungary, the ministry said.

The PM party said on Monday that Economy Minister Mihály Varga should disclose the exact amount the Volkswagen scandal had cost Hungary.

The party said it had been “saying for weeks” that the tax scandal at Volkswagen meant actual loss in revenues for Hungary.

The ministry said that results of a German investigation as well as that of the Hungarian Transport Authority would have to come in before any further steps can be taken in this matter.

However, the vehicle industry in Hungary was growing and tax revenue was rising steadily, so there were no steps required by the government in this sector.

Source www.hungarymatters.hu - Visit Hungary Matters to sign-up for MTI’s twice-daily newsletter.

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