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Seldom does public attention follow taxation as it does now. As a result of the global economic crisis, due to the fiscal consolidations, taxation plays an increasingly important role within financial policy. The emergence and the extensive spread of taxes on the financial sector is one of the consequences of the global economic crisis. This paper deals with some theoretical connections of this change in taxation.

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A quiet tax revolution in Hungary?

Interview with Dr. György Matolcsy, governor of the Central Bank

Author: Tamás Pesuth
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Debts, crises and competitiveness

Interview with Ángel Gurría, Secretary-General of the OECD

Authors: László Andor and Tamás Pesuth

In this interview, Ángel Gurría looks back at a decade of financial and economic crisis and draws conclusions for macroeconomic policy. What concerns the European Economic and Monetary Union, he stresses the need to further improve the shock absorption capacity of the single currency. He insists that the OECD remains committed to going beyond GDP, and this is particularly relevant at a time when a new Jobs Strategy is being developed. He also highlights some key chapters in the 22 year long cooperation between the OECD and Hungary.

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