Orbán's unsocial economic policy

Hungarian Prime Minister Viktor Orbán presented his second economic policy action plan on Monday. The plans are unsocial, writes the left-liberal weekly magazine Magyar Narancs: "The introduction of a flat income tax that ... will be fixed at 16 percent in two years and the levying of a special tax in certain economic sectors will affect two groups in particular. ... On the one hand the lower middle class ... and on the other big companies, which are mainly under foreign control. But in general everyone who has a bank account, uses a mobile phone and buys sausages in shops will foot the bill for the special tax because it's clear that the fleeced banks, telecommunications companies and retailers will compensate for their losses by raising their prices. ... The upper middle-classes and the rich will benefit most from the flat income tax. And the massive reduction in corporate tax will without doubt be a boon for the private sector."

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