Péter Magyar Announced: a Wealth Tax that Is Even Stricter than Previously Planned Will Come From 2027
5 Articles
5 Articles
Prime Minister Péter Magyar announced at the Szolnok stop of his national tour that, in accordance with the Tisza program, a wealth tax will be introduced from January 1, 2027. The government is imposing stricter conditions than originally agreed upon: above a certain amount, for example, assets of 500 billion forints, the tax rate may exceed 1 percent.
Péter Magyar previously expected annual budget revenue of 300–600 billion forints from the wealth tax. However, according to Világgazdaság, the Ministry of Finance is currently expecting only 150–200 billion forints by 2027.
At the beginning of his Hungarian speech, he spoke at length to the counter-protesters present. He called them "frustrated compatriots" and then went on to list at length what results ...
He asked Andrea Várkonyi to help explain the details to Lőrinc Mészáros.
This type of tax has already failed in many countries.
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