As regards economic and political factors, both global and Hungarian CEOs remain concerned about the increasing tax burden, overregulation and the public deficit as potential threats to their organisations’ growth prospects.
Two out of three respondents are nervous about local and industry-specific taxes and the uncertainty of economic growth.
Both global and Hungarian CEOs are doubtful about the success of tax reform in the next few years. The majority of Hungarian CEOs agree that the international tax system has not adapted to the operation of multinational companies and needs to be reformed.
A quarter of Hungarian CEOs say taxes and other charges have been an impediment to their organisations’ competitiveness. According to the survey, two out of three CEOs are concerned about local and industry-specific taxes, and continue to perceive the regulatory environment as unpredictable.