Fidesz Unsure About Land Tax In Hungary
- 24 Nov 2014 8:00 AM
The Agriculture Ministry is recommending that the tax bill approved last week be modified to rule out the possibility of a tax on arable land, state secretary of the ministry István Nagy said on Friday. The tax bill authorises local government to impose taxes.
However, Nagy warned that a tax on potentially two million land owners would have negative consequences, as in several areas it is only the land that provides income for people living there.
Speaker László Kövér took a different view on Saturday, saying even some farmers support the idea of a land tax.
Source: Hungary Around the Clock
This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.
LATEST NEWS IN property