Hungry has the lowest corporate tax within the European Union
Capital city: Budapest
Currency: Forint (HUF)
GDP: USD$125.3 billion
GDP per capita: USD$12,789
Hungary is a unitary parliamentary republic in Central Europe situated in the Carpathian Basin (bordered by Slovakia, Croatia and Ukraine). Hungary is a unitary state nation divided into 19 states (megye), plus the capital, Budapest.
Hungary is a land of thermal springs (over 1,500) and public baths (over 450). It has the largest thermal lake in Europe (Lake Hévíz), and the largest medicinal bath in Europe (Széchenyi Medicinal Bath).
Hungary is one of the leading European nations for attracting foreign investment (over $120 billion pa). These funds are predominantly invested in mobile technology, information security, and related hardware research. Electronics manufacturing and research are among the main drivers of innovation and economic growth in the country, and they have enabled Hungry to become the largest electronics producer in Central and Eastern Europe.
In January 2017, the corporate tax in Hungary was reduced to a flat 9% (the lowest within the European Union). Although capital gains are included in income and taxed, dividend income is excluded provided that it is not received from a controlled foreign company.
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2