Published: February 25 2023
Summary:
Hungarian Prime Minister Gergely Gulyás has announced an extra profit tax for energy, banking, and pharmaceutical sectors in Hungary. To compensate for the increased energy prices, these sectors will have to pay the tax. Negotiations are open regarding how to pay the tax, but the budget will still have to collect the amount corresponding to the tax paid last year. 46,000 more people have been employed since the increase in energy prices, showing the strength of the Hungarian economy. Economic Development Minister Márton Nagy has stated that the extra profit tax does not go against the EU's state aid regulations.
Key Points:
- Prime Minister Gergely Gulyás has announced an extra profit tax for energy, banking, and pharmaceutical sectors in Hungary
- Negotiations open regarding how to pay the tax, but the budget will still have to collect the amount corresponding to the tax paid last year
- 46,000 more people have been employed since the increase in energy prices, showing the strength of the Hungarian economy
- Economic Development Minister Márton Nagy has stated that the extra profit tax does not go against the EU's state aid regulations
Source article:
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