Gov`t mulls tax on telephone, internet usage
The National Economy Ministry is proposing to the government a tax on landline and mobile telephone and internet usage that could raise HUF 40 billion-50 billion, internet portal Origo said on Friday, citing sources at the ministry.
The government is expected to approve at a cabinet meeting on Wednesday cost-savings measures for this year and next in an updated version of Hungary's Convergence Program that must be sent to Brussels by April 30. The cabinet must fill a HUF 150 billion budget gap this year and another HUF 400 billion hole in 2013, Origo said.
Origo said measures were likely to include a spending freeze at ministries and local governments, which could produce as much as HUF 250 billion in savings, as well as a tax on financial transactions, that could generate HUF 100 billion-200 billion. Restructuring of the public transport system could save HUF 10 billion-15 billion and several billion could be saved as the result of a review of disability pensioners. The remaining HUF 40 billion-50 billion could come from a tax on mobile telephone and internet usage, the portal said.
The National Economy Ministry declined to comment on the report when asked by MTI.
Magyar Telekom also declined comment.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.