Following the 2008 economic crisis,Hungary introduced a series of growth-oriented tax changes.These changes were rooted in the"taxation and growth"literature of the 2000s.Measures included large cuts in dire...Following the 2008 economic crisis,Hungary introduced a series of growth-oriented tax changes.These changes were rooted in the"taxation and growth"literature of the 2000s.Measures included large cuts in direct taxes on labour and profits,consumption tax increases and significant measures to combat the shadow economy.At the same time,the priority of international tax policy discussions shifted more towards equity concerns,which led to a new OECD initiative on a global minimum corporate income tax(GloBE).The compromise proposal leaves a limited space for tax policy measures aiming to neutralize distortions associated with corporate income tax and to promote capital accumulation and productivity,but some room will remain.展开更多
文摘Following the 2008 economic crisis,Hungary introduced a series of growth-oriented tax changes.These changes were rooted in the"taxation and growth"literature of the 2000s.Measures included large cuts in direct taxes on labour and profits,consumption tax increases and significant measures to combat the shadow economy.At the same time,the priority of international tax policy discussions shifted more towards equity concerns,which led to a new OECD initiative on a global minimum corporate income tax(GloBE).The compromise proposal leaves a limited space for tax policy measures aiming to neutralize distortions associated with corporate income tax and to promote capital accumulation and productivity,but some room will remain.
