Bloomberg News

Hungary May Relax Flat-Tax Rules for IMF Deal, Nepszabadsag Says

July 11, 2012

Hungary may offer to relax rules governing its “flat” tax system in return for a credit line from the International Monetary Fund, Nepszabadsag reported, citing unidentified government officials.

While Prime Minister Viktor Orban insists on keeping the tax, he may compromise by abolishing a rule requiring a two- thirds majority in parliament to change the tax, the newspaper said.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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