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Under the guidance of Finance minister and current party leader Benjamin Netanyahu, Likud pushed through legislation reducing value added tax (VAT), income and corporate taxes significantly, as well as customs duty.
When the royal properties were considerably reduced under King Andrew II of Hungary (1205-1235; see Comitatus (Kingdom of Hungary) for details), the treasurer also became responsible for all royal income from royal régales (coinage, exchange of coins, precious metals management, mining monopoly, salt monopoly, customs duty), from the taxes of royal towns etc.
In particular the conservative party Højre opposed it on the grounds that the treaty did not ensure the local population a vote on the matter, and that it did not grant them US citizenship or freedom from customs duty on the export of sugar to the United States.