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Hungary – Have Four Babies, Pay No Taxes

Hungary - Have Four Babies, Pay No Taxes

The government of Hungary is now giving a life-time tax break for any couple who has four babies. This new idea was tabled by Prime Minister Viktor Orban to boost the birth rate of this country of 9.8 million people. The PM giving his State of the Nation address on Sunday produced a “Family Protection Action Plan” designed to promote marriage and families. The income tax waiver for women raising at least four children for the rest of of their lives. The plan also allows loan programs for families with at least to children to buy homes.

Mr Orban is well-known for promoting European values as well as and for his support of Hungarian values and tradition. He and his party, the Fidesz party has also been accused of stepping back from democratic values and rule of law, minority rights and freedom of the press. Both Hungary and Poland have been pointed out as not following core rules of the European Union and are threatened with disciplinary procedures against them. Several countries including Denmark and Poland have protested against the increase in migrants coming to the EU, a protest that is gaining momentum in many member states. The birth rates in Europe are alarmingly low.

Birth rates remain robust in Ireland, Sweden, the UK and France while Italy, Greece, Portugal and Spain are seeing the lowest in Europe. Hungary, as measured in crude birth rates in 2017, was 9.7 per 1,000 residents, just below the EU level of 9.9 per 1,000. In 2017 there were 94,600 live births in Hungary with 131,900 deaths registered. According to Eurostat, the population declined in the country by 37,000 people. I the EU, 5.1 million babies were born in 2017, while 5.3 million deaths were registered.

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