Hungary says no to OECD recommendation

The Hungarian government has no plans to modify its tax regime as the current system results in a proportionate burden sharing that acknowledges legal employment, the costs of child upbringing and is much better than those recommended for Hungary by the IMF, the OECD or other international organisations, deputy state secretary Zoltán Pankucsi is quoted by the financial website portfolio.hu.

Zoltán Pankucsi, who is in charge of taxation and accounting at the National Economy Ministry was responding to a study by the Organisation for European Cooperation and Development (OECD). In this, the OECD recommended progressive taxation for Hungary, arguing that income inequality is rising.