The recent Inflation Reduction Act in the United States made news for its tax breaks for electric vehicles (EVs). But those tax breaks were not as universally accepted as many…
Inflation is affecting nearly everyone around the world, including Hungary. But recently released figures from July show that Hungarians are adjusting to inflation. The Figures In July 2022, there was…
It is no secret that energy costs are rising around the world. Hungary is no exception, but the Budapest General Assembly offered a solution in this year’s budget. Specifically, they…
The German Finance Ministry recently revealed a tax cut plan to reduce the financial burden of inflation. The announced plan, however, has not gone without criticism. The Changes Christian…
It is no secret that high-net-worth individuals do what they can to minimize the amount they pay in taxes. But they do not always face the consequences of their actions.…
The idea of a new global tax rate has made headlines for months. Over the summer, Hungary blocked the deal proposed by the EU. Now, Brussels plans to go ahead…
Individuals and corporations with high net worth are known for taking full advantage of tax loopholes to save money. And a recent OECD survey found that tax officials overwhelmingly feel…
In the last several months, Hungary announced taxes on the “extra profits” of various industries. These included the airline industry. Recently, the country fined Ryanair for increasing its prices to…
It is no secret that the war in Ukraine has had far-reaching effects. One of the most notable is the increase in oil prices. Some of this is the…
Information about the 2023 Budget Adjustment Package is being released slowly, but we already have some crucial information. In June, officials presented the 2023 budget bill to parliament. This included…