Hungary Should Not Remain Tax Haven, Says LMP

  • 17 Dec 2022 5:16 AM
  • Hungary Matters
Hungary Should Not Remain Tax Haven, Says LMP
Now that Hungary has been exempted from applying the global minimum tax, the country will remain a tax haven, the opposition LMP party said.

“It is rather unpleasant to live in a tax haven, because only a thin layer of society, the ruling class is getting richer, while ordinary people remain poor,” LMP spokeswoman Anna Süveg told a press conference.

She welcomed the recent agreement that granted Hungary access to EU recovery funds but added that the country was still a loser of the deal.

The only winners of the artificially generated race to cut taxes are the multinational corporations, Süveg said.

LMP would therefore introduce a dual-rate system of corporate taxation, with large companies obliged to pay a 25% tax on profits above 500 million forints (EUR 1.23m), she said.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.