IMF Said to Make Hungary’s Flat Tax Part of Bailout Talks
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The International Monetary Fund may require Hungary to change its flat personal income tax as part of a bailout agreement, according to a person familiar with the Washington-based lender’s preparations for the talks.
The flat tax will be an important part in any program discussion, said the person, who declined to be identified because official talks haven’t started. The IMF is in general opposed to flat-tax systems and the Hungarian levy being regressive is the main issue, the person said.