The Hungarian Minister of Finance announced proposed local business tax changes at a press conference during the first week in February.It has been the clear intention of the Hungarian government during the last decade to make Hungary one of the most attractive Central European destinations for foreign investors by establishing one of the most competitive and business-friendly tax environments in the European Union. Hungary reduced its statutory corporate income tax rate to a flat 9% in 2017 and carried out significant payroll tax cuts in recent years. The current proposal concerning local business tax (LBT) is a further step which follows...