184 result(s) for tax reduction
Giró-Szász: EBRD Deal Signals New Fiscal Policy In Hungary
- 12 Feb 2015 3:00 AM
- business
The government’s recent signing of an agreement with the European Bank for Reconstruction and Development (EBRD) marks the beginning of a new era in Hungary’s fiscal policy, cabinet state secretary András Giró-Szász said, insisting that the government had stabilised the Hungarian economy and resolved the problem of troubled forex debtors, which created an opportunity to reduce the sectoral tax on ...
Hungary's PM Orbán To Meet Bertelsmann Chief
- 11 Feb 2015 8:00 AM
- business
Prime Minister Viktor Orbán will meet Thomas Rabe, head of the Bertelsmann group, the owner of television channel RTL Klub, on February 24, Prime Minister’s Office leader János Lázár announced on state radio on Tuesday morning.
Hungary’s Economy Minister: Govt Won’t Reduce Other Sectoral Taxes
- 11 Feb 2015 8:00 AM
- business
Hungary’s government plans no reductions to sectoral taxes for the time being, Economy Minister Mihály Varga told public television and radio. Economic growth and maintaining stability are a top priority, but this does not exclude the option of including others sectors in special tax schemes, Varga said.
IMF Issues Concluding Statement On Hungary
- 4 Feb 2015 8:01 AM
- current affairs
Hungary’s economy is coming back from the crisis but the road to strong, sustained activity and higher private sector employment is still a long one. Macroeconomic policies have contributed to a welcome reduction in vulnerabilities, strong growth and a reduction in unemployment. But the country remains susceptible to shocks and its medium-term growth prospects are subdued.
Xpat Opinion: President Putin To Visit Hungary
- 10 Jan 2015 8:00 AM
- current affairs
The leading left-wing daily fears that Vladimir Putin’s March visit, announced this week, is another indication of the Hungarian government’s Eastern orientation. A conservative analyst points out that Hungary needs to maintain good relations with both Germany and Russia. Another left-wing commentator suspects that PM Orbán may want to revise the 1994 Budapest Memorandum on Ukraine.
Hungary Seeks To Restore Domestic Ownership Of Major Enterprises
- 22 Dec 2014 8:00 AM
- current affairs
The Hungarian government is attempting to restore large enterprises to Hungarian state ownership. It is working hard to convince foreign owners to sell their assets to Hungarian investors. Heti Válasz offers a wrap-up of the four-year process, which includes, among other sectors, electricity generation and the media.
RTL Group Files Complaint With EC Over Hungary Ad Tax
- 17 Dec 2014 8:00 AM
- current affairs
Luxembourg-based RTL Group filed an official complaint with the European Commission on Thursday over Hungary’s new tax on the advertising revenues of media outlets. RTL argues that the tax is “confiscatory” in that it aims to collect 80% of the tax (HUF 4,5 billion or USD 18,7 million) from an independent media group possessing just 13.5% market share.
EC: Hungary On Track For Deficit Target, Not On Debt
- 3 Dec 2014 8:00 AM
- business
The European Commission said Hungary is “on track” to achieving this year’s deficit target of 2.9% of gross domestic product (GDP), but added that state debt is “not yet on a firm downward path” in a memo following a postprogramme surveillance mission to the country. The EC said that the projected pace of debt reduction “appears at risk of breaching the requirements of the Stability and Growth ...
Varga: Hungarian Govt Not Mulling Corporate Tax Changes
- 22 Oct 2014 9:00 AM
- business
The government is not planning to change the taxation rate for companies next year but the longterm goal is to have a flat-rate tax, Mihály Varga, the economy minister, told a press conference. Presenting details of the government’s tax proposals, Varga said that small and medium-size ventures would continue to pay a 10% corporate tax, and large companies 19%.
Giró-Szász: EBRD Deal Signals New Fiscal Policy In Hungary
- 12 Feb 2015 3:00 AM
- business
The government’s recent signing of an agreement with the European Bank for Reconstruction and Development (EBRD) marks the beginning of a new era in Hungary’s fiscal policy, cabinet state secretary András Giró-Szász said, insisting that the government had stabilised the Hungarian economy and resolved the problem of troubled forex debtors, which created an opportunity to reduce the sectoral tax on ...
Hungary's PM Orbán To Meet Bertelsmann Chief
- 11 Feb 2015 8:00 AM
- business
Prime Minister Viktor Orbán will meet Thomas Rabe, head of the Bertelsmann group, the owner of television channel RTL Klub, on February 24, Prime Minister’s Office leader János Lázár announced on state radio on Tuesday morning.
Hungary’s Economy Minister: Govt Won’t Reduce Other Sectoral Taxes
- 11 Feb 2015 8:00 AM
- business
Hungary’s government plans no reductions to sectoral taxes for the time being, Economy Minister Mihály Varga told public television and radio. Economic growth and maintaining stability are a top priority, but this does not exclude the option of including others sectors in special tax schemes, Varga said.
IMF Issues Concluding Statement On Hungary
- 4 Feb 2015 8:01 AM
- current affairs
Hungary’s economy is coming back from the crisis but the road to strong, sustained activity and higher private sector employment is still a long one. Macroeconomic policies have contributed to a welcome reduction in vulnerabilities, strong growth and a reduction in unemployment. But the country remains susceptible to shocks and its medium-term growth prospects are subdued.
Xpat Opinion: President Putin To Visit Hungary
- 10 Jan 2015 8:00 AM
- current affairs
The leading left-wing daily fears that Vladimir Putin’s March visit, announced this week, is another indication of the Hungarian government’s Eastern orientation. A conservative analyst points out that Hungary needs to maintain good relations with both Germany and Russia. Another left-wing commentator suspects that PM Orbán may want to revise the 1994 Budapest Memorandum on Ukraine.
Hungary Seeks To Restore Domestic Ownership Of Major Enterprises
- 22 Dec 2014 8:00 AM
- current affairs
The Hungarian government is attempting to restore large enterprises to Hungarian state ownership. It is working hard to convince foreign owners to sell their assets to Hungarian investors. Heti Válasz offers a wrap-up of the four-year process, which includes, among other sectors, electricity generation and the media.
RTL Group Files Complaint With EC Over Hungary Ad Tax
- 17 Dec 2014 8:00 AM
- current affairs
Luxembourg-based RTL Group filed an official complaint with the European Commission on Thursday over Hungary’s new tax on the advertising revenues of media outlets. RTL argues that the tax is “confiscatory” in that it aims to collect 80% of the tax (HUF 4,5 billion or USD 18,7 million) from an independent media group possessing just 13.5% market share.
EC: Hungary On Track For Deficit Target, Not On Debt
- 3 Dec 2014 8:00 AM
- business
The European Commission said Hungary is “on track” to achieving this year’s deficit target of 2.9% of gross domestic product (GDP), but added that state debt is “not yet on a firm downward path” in a memo following a postprogramme surveillance mission to the country. The EC said that the projected pace of debt reduction “appears at risk of breaching the requirements of the Stability and Growth ...
Varga: Hungarian Govt Not Mulling Corporate Tax Changes
- 22 Oct 2014 9:00 AM
- business
The government is not planning to change the taxation rate for companies next year but the longterm goal is to have a flat-rate tax, Mihály Varga, the economy minister, told a press conference. Presenting details of the government’s tax proposals, Varga said that small and medium-size ventures would continue to pay a 10% corporate tax, and large companies 19%.