Innovation in kleptocracy – Corporations can now pay taxes to loyalist foundations and the state has to pay them back

The 2022 tax bill has been rubberstamped and includes a line that allows corporations to donate into Orbán’s loyalist foundations – and get a 300% state tax credit for it. Forget Chinese debt and overpriced public procurements. This new tool is even more lucrative for kleptocrats than hosting the Olympic games. And if Orbán’s new … Continue reading Innovation in kleptocracy – Corporations can now pay taxes to loyalist foundations and the state has to pay them back Continue reading