Hungary Introduces Special Taxes
European Taxation, Vol. 50, No. 12, pp. 545-549, 2010
6 Pages Posted: 8 Jan 2011
Date Written: December 6, 2010
To manage the state budget crisis, Hungary recently introduced special taxes (1) in respect of selected sectors of the economy and (2) on severance payments received by public servants. Although Hungary is not alone in this regard, what is unusual is the magnitude and brutality of the taxes in comparison to similar taxes introduced in other countries. It is no wonder that there have been heated debates both within and outside Hungary as to whether the government can successfully implement the taxes. This article provides a critical review of the new measures.
Keywords: Over-Taxation, Certainty Principle of Taxation
JEL Classification: K34
Suggested Citation: Suggested Citation