Regis Philbin
Jun 29th, 2009, 07:03 PM
http://www.reuters.com/article/bondsNews/idUSLT24516720090629
Hungary passes 2010 tax law, key test for govt
Mon Jun 29, 2009 11:39am EDT
* Tax changes to cut taxes on labour from 2010
By Krisztina Than
BUDAPEST, June 29 (Reuters) - Hungary's minority Socialist government passed a crucial test on Monday when parliament approved key 2010 tax changes to help the country recover from its worst recession in almost two decades.
The passing of the law averts the risk of early elections. Prime Minister Gordon Bajnai had said he would stay in his post as long as the Socialists and the Free Democrats support his programme, which is also the backbone of Hungary's financing deal with the International Monetary Fund (IMF).
The tax law, which will cut personal income taxes and social contributions paid by employers to the government, was passed with 211 votes and 152 votes against, with backing from the Socialists' former coalition allies, the Free Democrats.
Hungary passes 2010 tax law, key test for govt
Mon Jun 29, 2009 11:39am EDT
* Tax changes to cut taxes on labour from 2010
By Krisztina Than
BUDAPEST, June 29 (Reuters) - Hungary's minority Socialist government passed a crucial test on Monday when parliament approved key 2010 tax changes to help the country recover from its worst recession in almost two decades.
The passing of the law averts the risk of early elections. Prime Minister Gordon Bajnai had said he would stay in his post as long as the Socialists and the Free Democrats support his programme, which is also the backbone of Hungary's financing deal with the International Monetary Fund (IMF).
The tax law, which will cut personal income taxes and social contributions paid by employers to the government, was passed with 211 votes and 152 votes against, with backing from the Socialists' former coalition allies, the Free Democrats.