61 result(s) for taxe reduction in Articles
Lawmakers Pass Hungary’s 2016 Budget
- 24 Jun 2015 9:00 AM
- business
Lawmakers approved Hungary’s 2016 budget in a final vote months ahead of the legal deadline, with 119 votes in favour and 63 against. The Budget Act calculates with a budget deficit of 2% of gross domestic product (GDP) based on EU accounting rules and public debt of 73.3% of GDP. The budget targets total revenue of 15,800 billion forints (EUR 50.7bn), total expenditures of 16,561 billion forints ...
Hungarian Parties, Analysts React To 2016 Budget Proposal
- 22 Apr 2015 9:00 AM
- business
Antal Rogán, head of the Fidesz parliamentary group, said Fidesz called the planned 2016 budget “a milestone on the path of tax cuts” and insisted that the government is a “cabinet of tax reductions”. Analysts polled by MTI said the macro figures for the 2016 budget were realistic.
RTL Did Not Make A Deal With Hungarian Gov’t
- 17 Mar 2015 8:00 AM
- current affairs
RTL’s German owners never reached a final agreement with the cabinet regarding the advertising tax, regional vice-president Andreas Rudas, confirmed in a Monday interview with Népszabadság. It had been reported that RTL and its parent company Bertelsmann had agreed to withdraw their complaint filed with the EU against Hungary’s tiered tax on advertising revenues, in exchange for a modification or ...
Xpat Opinion: Stop Using Taxes As A Weapon
- 20 Feb 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: It is generally understood that tax cuts are good for business, and can actually increase government revenue by encouraging private-sector activity, which in turn generates more taxable revenue.
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.
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 ...
Lawmakers Pass Hungary’s 2016 Budget
- 24 Jun 2015 9:00 AM
- business
Lawmakers approved Hungary’s 2016 budget in a final vote months ahead of the legal deadline, with 119 votes in favour and 63 against. The Budget Act calculates with a budget deficit of 2% of gross domestic product (GDP) based on EU accounting rules and public debt of 73.3% of GDP. The budget targets total revenue of 15,800 billion forints (EUR 50.7bn), total expenditures of 16,561 billion forints ...
Hungarian Parties, Analysts React To 2016 Budget Proposal
- 22 Apr 2015 9:00 AM
- business
Antal Rogán, head of the Fidesz parliamentary group, said Fidesz called the planned 2016 budget “a milestone on the path of tax cuts” and insisted that the government is a “cabinet of tax reductions”. Analysts polled by MTI said the macro figures for the 2016 budget were realistic.
RTL Did Not Make A Deal With Hungarian Gov’t
- 17 Mar 2015 8:00 AM
- current affairs
RTL’s German owners never reached a final agreement with the cabinet regarding the advertising tax, regional vice-president Andreas Rudas, confirmed in a Monday interview with Népszabadság. It had been reported that RTL and its parent company Bertelsmann had agreed to withdraw their complaint filed with the EU against Hungary’s tiered tax on advertising revenues, in exchange for a modification or ...
Xpat Opinion: Stop Using Taxes As A Weapon
- 20 Feb 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: It is generally understood that tax cuts are good for business, and can actually increase government revenue by encouraging private-sector activity, which in turn generates more taxable revenue.
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.
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 ...