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If possible, we leave the money there for the companies. Therefore, in the SME sector, we suggest that tax cuts are needed, said László Parragh, the recently re-elected president of the Hungarian Chamber of Commerce and Industry.
“Our claim that corporate income tax could be lowered to 5% for a year, my other claim is that
business tax should be suspended. There would be a cost to everyone on this, but it could be suspended for up to one year.
He explained.
It is worth emphasizing that the commercial tax is a serious item at the national level, in 2019 the settlements received 788 billion HUF in income from this item.
In general, companies should cut spending our way. I suggested this to the Prime Minister, he told the channel after visiting the Carmelite monastery with Viktor Orbán on Sunday.
The morning meeting was attended by Viktor Orbán and László Parragh, Antal Rogán, Chief of the Prime Minister’s Cabinet and Prime Minister Márton Nagy, who will personally advise the Prime Minister on economic matters.
Budapest has already responded
Deputy Mayor Kata Tüttő pointed out the consequences of the proposal in a Facebook post on Sunday.
This is the only tax revenue of the Metropolitan Municipality. BKV operates from this. If there is no business tax, there is no public transportation. If there is no public transport, there is no school and the majority will not be able to work, nobody really, because public lighting is also paid by the city council with corporate tax, wrote the politician, who also points out that “It will be of great help for companies. “
Cover image: In the image published by the Prime Minister’s Press Office, Prime Minister Viktor Orbán (j2) meets with László Parragh, President of the Hungarian Chamber of Commerce and Industry (MKIK) (b) at the Monastery Carmelita on November 8, 2020. On the left, Antal Rogán, Minister in charge of the Prime Minister’s Office (b2), on the right, Márton Nagy, Acting Prime Minister and Economic Policy Advisor. Source: MTI / Prime Minister’s Press Office / Zoltán Fischer
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