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LMP: Orbán’s cabinet gave multinationals 262 million euros in tax breaks

LMP: Orbán’s cabinet gave multinationals 262 million euros in tax breaks

The government gave “its favourite multinational companies” 80 billion forints (EUR 262m) in tax breaks in 2012-2014, Máté Kanász-Nagy, spokesman of green opposition LMP said on Sunday.

Prime Minister Viktor Orbán “told a big lie” when he recently said the cabinet had ploughed back profits from the fight against multinationals into support for families, Kanász-Nagy said.

LMP had to sue for the information on the tax breaks for a period of three years before obtaining it, he noted.

German carmaker Audi got the biggest tax break during the period: 40 billion forints, he said. Korean tyre maker Hankook got more than 17 billion forints, Austrian-owned Hamburger Hungaria Power Plant 9 billion forints and Japanese tyre company Bridgestone 6.6 billion forints, he added.

Fina Aristic

LMP would support local SMEs, not multinationals, to make investments, create jobs and win public procurements, Kanász-Nagy said.

Source: MTI

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