In Hungary, the effective tax rate is ~33%, we also have 27%(!) VAT, but hey, if you’re making the grandchildren of Fidesz voters work “real manly job”, you can get a 0% tax rate on your business.
The rationale is to “punish not the work but the rich”, except the rich gets to skirt around VAT, by having at least one business. Also we literally have the tax system suggested by the Bell Curve authors, to “encourage high-IQ families to make children”.
In Hungary, the effective tax rate is ~33%, we also have 27%(!) VAT, but hey, if you’re making the grandchildren of Fidesz voters work “real manly job”, you can get a 0% tax rate on your business.
That’s wild
The rationale is to “punish not the work but the rich”, except the rich gets to skirt around VAT, by having at least one business. Also we literally have the tax system suggested by the Bell Curve authors, to “encourage high-IQ families to make children”.
Nice to see a sneak preview of my country in a year or two…