keep The Double Taxation Relief and International Tax Enforcement (Hungary) Order 2011
UK Statutory Instrument that brings into force a bilateral double taxation relief agreement with Hungary, covering income tax, corporation tax, capital gains tax, and similar taxes, while also establishing frameworks for international tax enforcement cooperation between the UK and Hungarian tax authorities.
Double taxation relief facilitates rather than hinders international trade and investment — a core pillar of Adam Smith's free trade legacy. These arrangements remove a government-created barrier (double taxation) that would otherwise distort capital allocation and discourage cross-border economic activity. The international tax enforcement component helps combat evasion, ensuring tax integrity without burdening legitimate commerce. Unlike regulatory restrictions that distort markets, this treaty removes double taxation's distorting effect.