"Hungary's main opposition party Fidesz has also commented on a set of tax proposals unveiled by Socialist PM on Wednesday, saying the planned measures would bear no results whatsoever.Fidesz Vice-President Mihály Varga reminded reporters that this is the seventh package the PM has come up with since 2005, adding that the latest tax programme is a “simple charade" and that it would bring no results at all.
Varga underlined that economists have already labelled the programme as feeble and lacking concept, adding that a real tax scheme would be needed but the minority government is unable to come up with one. “Only early elections may bring a solution," he said.
To a question whether Fidesz would support the implementation of the planned measures, Varga, a former Finance Minister of the Fidesz cabinet between 1998 and 2002, said he would not discuss hypothetical matters, adding that he himself considers the programme unsuitable to improve the economy in any way.
In the autumn, Fidesz will submit their previous tax change proposals to Parliament, Varga said, and without disclosing specific figures he noted that their tax ideas include a reduction of employers' burdens, a boost to employment and the introduction of family taxation.
He also mentioned his party's latest tax proposal, namely the cut of the rate of VAT on basic food and district heating to 5% from the current 20%."
Source: Portfolio Online Financial Journal
28.08.2008