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Brussels ‘planning to interfere’ with member state taxation policy, says minister
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Hungary aims to continue cutting taxes as a means to restart the economy after the coronavirus pandemic and will not support measures interfering with member states’ taxation policy, Finance Minister Mihály Varga said in Brussels on Tuesday.
Speaking on the sidelines of a meeting of the EU Economic and Financial Affairs Council (Ecofin) in Brussels, Varga said a proposal would extend the purview of a working group on corporate taxation, which would now “have a say in the general characteristics of the taxation system rather than just tax breaks”. The text currently in front of the council fails to clearly define “general characteristics” and that creates legal uncertainty, Varga told MTI.
Hungary will not support proposals threatening the competitiveness and reliability of the Hungarian taxation system, Varga said.
Hungary should re-evaluate whether being member of the EU is worth all the headache.
EU is so deadbeat
Maybe they will force Hungary to reduce the 27% VAT….at least on food items.
The funds are primarily being withheld due to concerns about corruption. Naturally, that is not the story the government wants to talk about publicly.
MVT, we can talk about HUNXIT after the election. I am confident that the anti-Hungarian, Gyurcsány-Dobrev-Apró gang led opposition will lose again but it is better not to make any drastic moves until April.