Paper/Speech Details of Conference Program for the 19th NISPAcee Annual Conference Program Overview General Session Author(s) Valeria Limpok Szechenyi Istvan University Gyor Hungary Title Changing world, changing Hungarian taxation policy File Paper files are available only for conference participants, please login first. Presenter Abstract Nowadays the global economy is undergoing changes in many fields. The financial crisis has long-lasting impact inter alia on economic growth, state financing, job market, FDI flow all around the world. The challenge for every country is to understand the changes which can be bases for developing their economy sustainably and positively. In the last few years several countries worldwide have introduced fiscal packages and changed/or nowadays are changing their taxation policy. Competitive and responsive tax policy is essential for any actors in the economy. There is a rising need for governments to react rapidly to making their tax system more “growth friendly”. The Hungarian government is supposed to keep the budget deficit less than 3.8 percent of output according to the Maastricht convergence criteria and under a deal reached with the International Monetary Fund. In 2010 the Hungarian parliament adopted important economic packages which included among others tax changes, e.g. a new tax on the financial sector. Furthermore other “crisis taxes” are imposed on the net revenues of telecom and energy companies and retail chains in Hungary. These tax changes are aimed helping to reduce the public deficit of the nation. In parallel with the tax raising for some sectors the tax changes will by report include the introduction of a 16 percent flat tax on personal incomes. The aim of the paper is on one hand to investigate the current Hungarian taxation policy and for the year 2011 accepted changes in the tax system. On the other hand with the help of a survey I try to analyze whether the expectations of the corporations in Hungary connecting to the taxation policy are matching the current tax changes.