Posted by on 17 Aug 2012. Filed under Current Affairs, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Slovak Companies Turning to Hungarian Tax Haven

Reports have appeared recently on how an increasing number of Slovak companies are finding a tax refuge in Hungary, whcih despite a heavy tax burden still equates to better conditions for businesses than in Slovakia.

The Visegrad Four (c) TheDaily.sk

The rising number of companies utilising the option of moving their head office south of the border to Hungary, an increase of around 680 in 1H 2012 alone (almost 10,000 in total now), is mainly due to a lower corporate income tax ranging from 10-19 percent, and the fact that dividends are not taxed like in Slovakia, as a 10 percent health insurance levy on dividends took force from this year (to increase to 14 percent in 2013).

These benefits can make a huge difference for small and medium-sized businesses, which are finding the tax burden in Slovakia increasingly difficult to deal with.

5 Comments for “Slovak Companies Turning to Hungarian Tax Haven”

  1. EXPAT

    If you were given a “post” up top… what would you do? Ensure your family, firends, and cronies?

    Money is the root of all evils! It makes men bleed for more, and women like the men who bleed money!

    I hate money, I wish it was a society of barter & trade. I do something for you and in return you do something for me…. I have bread, you have butter, now we trade 50% and have both bread and butter each, we are now satisfied!

    Money makes the world… but accepting barters is more civil!

  2. Dave C.

    George – No political regime follows the prescribed model – socialist, communist, republician or capitalist for a very simple reason. Most people enter politics because they can’t do anything else and once in power they abuse their position. Mandelson is someones blue eyed boy and was bound to bounce back time after time. The thing I love about UK politics is the certainty that no matter how bent, incompetent or disliked a politician is, the others will rally around and “knit” a cushy post for them. Kinoch, Major,Hague,Brown,Archer etc – all doing very well, thank you. Blair – making a mint.
    I tar all politicians with the same brush – I don’t trust or like any of them, in any country. They are all in it for themselves, their families and cronies, irrespective of their “colour”.

  3. George M

    ~~~There is nothing remotely “social” about recent govt. decisions, the only group of society who will benefit are the cronies, jobs for the boys gang and the parasites in state posts whilst the rest of the population will have to scrimp and save to support them. ~~~~

    That`s Socialism no ?

    Tell me how did there ever being sacked , Peter `What Gay Day ` Mandelson ever keep getting a UK Ministry post

  4. Dave C.

    No doubt the head offices will be followed by the production units as BnM and Co make employing people too costly. Still the public service workers jobs are safe until that not to distant time when there are not enough tax payers to support them.
    To describe what is happening in this country as Socialism is an insult to that political ideology. There is nothing remotely “social” about recent govt. decisions, the only group of society who will benefit are the cronies, jobs for the boys gang and the parasites in state posts whilst the rest of the population will have to scrimp and save to support them.

  5. George M

    It would appear the TIGER of Europe has finally had it`s nuts cut off ….Welcome to the world of Socialism, where the government spends your money employing thousands of drones, doing non jobs, if any real job at all, just to make the Aryran numbsculls happy they have a job title and keeps the official unemployment list down, to fool the dumbcluck voting masses, how well the country is doing.

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