Gábor Erőss also suggested that a 30-percent withholding tax should be levied on offshore deals, while offshore firms and their business partners should be excluded from any state or European Union tenders. Such companies should also be excluded from any state subsidies, he said.

Erőss referred to information recently published on the base of confidential e-documents known as Paradise Papers, and said those showed “how the world’s and the Hungarian political elite evade paying taxes”.

Republished with permission of Hungary Matters, MTI’s daily newsletter.