Bunge warns of Hungarian VAT attack on multinationals

Joe Dalton

June 17, 2012

Multinational agricultural company Bunge estimates up to €1 billion ($1.26 billion) a year is being lost in Hungary because of VAT fraud on food products, and the reaction of the tax authorities could give compliant companies and multinationals a headache.

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Bunge warns of Hungarian VAT attack on multinationals

Multinational agricultural company Bunge estimates up to €1 billion ($1.26 billion) a year is being lost in Hungary because of VAT fraud on food products, and the reaction of the tax authorities could give compliant companies and multinationals a headache.

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