Arab Today, arab today taxes on soap alcohol among hungarys latest levies
Last Updated : GMT 04:00:59
Arab Today, arab today
Arab Today, arab today

Taxes on soap, alcohol among Hungary's latest levies

Arab Today, arab today

Arab Today, arab today Taxes on soap, alcohol among Hungary's latest levies

Protesters hold flags and placards
Budapest - AFP

Hungarian lawmakers on Tuesday approved new taxes on soap, alcohol, advertising and supermarkets, the latest in a series of unorthodox levies put forward by controversial Prime Minister Viktor Orban.
The new measures came after a proposed Internet tax on downloads was shelved last month following major protests.
The European Commission, the EU's executive, has repeatedly criticised Hungary's special taxes, saying they negatively affect growth and warning that investment has declined in taxed sectors.
The right-wing Orban, who took office in 2010, has sought the special taxes in an effort to reduce Hungary's deficit. He has imposed levies on the energy, banking, retail and telecom sectors, often blaming them on Brussels or on foreign companies making "extra profit".
Critics say however that it is mostly allies of Orban who are benefiting because their foreign rivals have to pay more tax, and that the tax authority often fails to investigate VAT fraud and corruption allegations.
The new package raises an advertising tax that Germany's media giant RTL says is discriminatory, and which has already hurt parent company Bertelsmann's profits.
The so-called "chips tax" on unhealthy foodstuff will now be applicable to alcoholic drinks, while an environmental fee will be extended on shampoo, soap and other products.
A supervision fee, nicknamed the "Tesco fee" after the British retail chain active in eastern and central Europe, will be raised significantly for large, typically foreign-owned firms.
The personal income tax remains at a flat rate of 16 percent and the value-added tax (VAT) at 27 percent, which is the highest in the 28-nation EU.
The "chips tax" -- nominally about tackling obesity -- was launched in 2011, a tax on text messaging and phone calls in 2012, and last year a financial transaction levy on paying bills and taking cash from an ATM.
Orban's government is also planning to impose a new special tax on tobacco companies that British American Tobacco's local unit has already called "discriminatory".
On Tuesday the chairman of supermarket firm Spar said it will postpone a significant part of its planned investments over the coming years.
The US banned six senior Hungarian officials including the head of the tax authority last month from entering the country over alleged corruption allegations, further souring already strained ties.
Hungarians also took to the streets in recent weeks to demand corruption be stamped out, and the protests against the Internet tax showed that anger was building, experts say.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today taxes on soap alcohol among hungarys latest levies Arab Today, arab today taxes on soap alcohol among hungarys latest levies

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today taxes on soap alcohol among hungarys latest levies Arab Today, arab today taxes on soap alcohol among hungarys latest levies

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday