Gov't rushes to close RTL Klub tax loophole
After realizing that the fine print in the new advertising tax law would let the leading Hungarian TV channel RTL Klub pay HUF 600 mln, instead of the HUF 3.7 bln the government had anticipated, Fidesz lawmaker László L. Simon sought to fast-track an amendment to close this loophole.
The new modification would limit several deductions that RTL Klub could have taken advantage of, and it is expected to be passed by this Friday, via an expedited procedure requested by Simon.
Simon had submitted the original legislation for the controversial new advertisement tax that was passed earlier this month. Critics have said that the law seems to specifically target RTL Klub, which is the largest media outlet in the country and has run news reports critical of the government. Since the tax was passed, RTL Klub has been following up on its promise to be even more critical of the government.
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