US EditionBudapest Mayor Karácsony: Government Plans to Strip City of Further EUR 44.6 Million in Business Tax Revenue
5 Articles
5 Articles
According to Karácsony, there is a point in the bill amending tax laws that reduces the business tax obligation in the gambling industry by a quarter.
On Wednesday afternoon, Mayor Gergely Karácsony responded to the government briefing in a Facebook post, after Gergely Gulyás and other government figures also spoke about the capital's financial situation. According to the mayor, the government is not only endangering the viability of Budapest, but has already begun its systematic downsizing.
Budapest mayor Karácsony: Government plans to strip city of further EUR 44.6 million in business tax revenue
The government is preparing to “hold Budapest to further ransom” through changing this year’s tax laws, Gergely Karácsony, the city’s mayor, told a press conference on Wednesday. According to the mayor, passage of the bill would involve the city losing HUF 18 billion (EUR 44.6 million) in business tax revenues. “The government has obviously made a political decision: they want to push the city to the brink of an abyss. The political intention to…
With a seemingly harmless amendment, the government would reduce the business tax of gambling organizers by a quarter, announced Mayor Gergely Karácsony. According to the amendment to the tax law, these companies will be able to pay much less business tax from July 1 this year. According to Karácsony, this could mean a "saving" of 18 billion in the case of Szerencsejáték Zrt. - and a loss of the same amount for Budapest -, but the discount also …
Gergely Karácsony announced another government levy at his press conference on Wednesday morning. He said that the obligation to pay business tax in the gambling industry would be reduced by a quarter. According to Márton Nagy, this is a lie.
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