Tax changes that will leave Hungarian companies with an extra HUF 400bn in 2010 will make them more competitive when the market turns around, Prime Minister Gordon Bajnai said while visiting a company in Ajka (NE Hungary) on Wednesday.
“It appears as if there is already pick-up, but rather stabilisation can be felt on foreign markets,” Mr Bajnai said, adding that the large number of Hungarian companies that rely on exports could stabilise their positions.
The payroll tax on all wages will be reduced by five percentage points from 2010. Even as other countries are raising taxes on labour, Hungary is “concentrating on returning the honour to work.”
The tax wedge is practically unchanged. Perhaps things are okay over at T-Com and the upcoming Daimler factory, but these are big pocket companies that can weather storms regardless. The tax base develops from “new” ideas; and that usually comes from start ups. How the heck are any of these minor savings going to make any HU startup more competitive? No way; it’s just driving more of the country’s talent abroad. What Bajnai can only hope for here are uninformed foreign companies to return us to the old trend of bottomless pocket investment; and why would they? And if so, then what do we have over Romania, Slovakia, or Bulgaria?
According to the sheister Bajnai, “other countries are raising taxes on labour,” whilst Hungary is “concentrating on returning the honour to work.”
The mind staggers to comprehend how a kleptomanic criminal of this Bajnai caliber, who hadn’t done an honest day’s work in his miserably life can talk this much subhuman shit.
Our pathetic basket case Hungary already sports some of the highest taxes in the world, especially payroll taxes, so if you charge 20% more than someone else does, then give a 5% break, you are still charging 15% more for the same thing as someone else does.
Bajnai does not give a crap about Hungary or is well-being, anyhow. His current tenure of incompetency is measured in weeks, perhaps months. He never paid any taxes in Hungary, but somehow still managed to destroy Hungarian companies through his incompetence and greed.
The despicable “greed is good” character Gecko in Oliver Stone’s classic film “Wall Street” pales in comparison to this shameless Gordon Bajnai creep.