Hungary

Country profiles
Country profiles

Hungary

  • Corporate Tax Haven Index ranking: 20
  • Financial Secrecy Index ranking: 75
  • Tax loss each year to tax havens: $411,400,888
  • Tax loss inflicted on other countries: $984,603,213

Country profile

Tax abuse losses

$411,400,888

lost in tax every year to global tax abuse

$350,975,069

lost to tax avoidance committed by multinational corporations

$60,425,819

lost to tax evasion committed by private individuals

  • Equivalent to 1.14% tax revenue (tax revenue in 2020 : $36,085,321,168 trillion)
  • Equivalent to loss of $42 per member of population (Population: 9,841,211.80)
  • Smaller than Global Average tax revenue Loss 2.61%
  • Smaller than Regional Average tax revenue Loss 3.39%

Global Rankings

Corporate Tax Haven Index 2019
#20

Global Rank (First is Worst)

69.10/100

Haven Score (100 is Worst)

1.48%

Share of global tax havenry

Financial Secrecy Index 2020
#75

Global Rank (First is Worst)

53.80/100

Haven Score (100 is Worst)

0.44%

Share of global tax secrecy

Harm to other countries

$984,603,213

in tax lost by other countries

$984,603,213

by enabling corporate tax avoidance

$0

by enabling private tax evasion

Responsible for 0.23% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
78,057 nurses

Social impact of lost tax

Tax loss equivalent to 6.03% of health budget
Tax loss equivalent to 6.47% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
27,130 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Outward FDI
Vulnerable Score for this channel is 64.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

Switzerland (33.9%)
United States (30.5%)
Luxembourg (8.9%)

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