Wealth Tax: 6,400 People Have More than HUF 1 Billion Worth of Assets in Companies in Hungary
5 Articles
5 Articles
A total of HUF 30,000 billion. Together with all other assets, state revenues of HUF 600 billion per year could come from the new tax, which the Joint Venture Association would combine with economy-boosting solutions.
Although the domestic public is still living in a world of post-election euphoria, it must be seen that in some respects the darker clouds of economic realities are already approaching. The situation of the domestic budget requires intervention, to put it mildly, and if we want to pay in euros in 2030, then some adjustment is also necessary on the revenue side of the budget.
The focus of the background discussion of the Joint Venture Association (JVSZ) was wealth tax.
Twenty-five thousand Hungarian households would be directly affected by a wealth tax with a threshold of 1 billion forints, but collection will be far from a triumph: while it is relatively easy to make wealth invisible up to 1.5 billion, collecting the money above 3 billion, despite everything being transparent, remains almost impossible. Meanwhile, the domestic private banking sector, which manages 13 trillion forints, is preparing for a histo…
The wealth of Hungary's super-rich has soared to unprecedented heights. According to Blochamps Capital's latest sector analysis, the top one percent holds a staggering HUF 52,000 billion in wealth – but despite the state's efforts to impose a wealth tax, collecting it will not be an easy task.
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