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A forgotten but once prestigious public figure defended local governments, primarily the Metropolitan Municipality, on the abolition of the business tax.
On the side of his community, János Palotás, one of the best-known businessmen-lobbyists of the regime change period, analyzed the proposal of the president of the Hungarian Chamber of Commerce and Industry that the payment of the tax to companies wrote hvg.hu. Even right-wing local governments don’t like László Parragh’s idea, as it would deprive them of one of their most important sources of income.
Mayor Gergely Karácsony of Budapest said that if the plan were implemented, public transport in Budapest would stop the next day as it would ruin the local government. Palotás considers the proposal of the president of the Chamber a dilettante. Not only does he approach the issue from the point of view of local governments, he has also made a completely different argument.
Since companies pay corporate tax on their turnover, its suspension does not provide any help to companies that cease their activities for reasons beyond their control. The government could even raise the tax rate, the existence or non-existence of which would be indifferent to companies in difficulty.
Same problem, he said, Parragh received less media coverage with his other idea, halving the corporate tax. As you wrote, this proposal is just about taking revenue from municipalities and then redistributing it to your own favorites under another heading.
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