Consulting Before Tax Reform

Major tax consultancies Deloitte, Ernst & Young and KPMG supported by the National Association of Employers and Industrialists, the American Chamber of Commerce, the Joint Venture Association and the Hungarian Association of International Businesses introduced their proposal for a possible Hungarian tax reform - reports MTI Econews.

The Finance Ministry welcomed the proposal and agreed that some of the suggestions should be included in the changes the government would plan to make in 2009. Meanwhile the Ministry claimed that the proposal would decrease the central budget by HUF 1,250 billion (EUR 5.3 billion), not by HUF 1,100 billion (EUR 4.65 billion) as the proposal states.

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