Ad tax protest hits the streets in Hungary

Banking

Approximately 1,000 protesters gathered in front of the Hungarian parliament to denounce the advertisement tax bill submitted last week.

The protesters gathered after media companies objected against the proposed ad tax, saying that the new regulation taxing their revenue can bring them close to bankruptcy. Feelings were also running high as Hungarian news portal Origo’s editor-in-chief is alleged to be sacked for publishing a story that embarrassed Fidesz, the Hungarian government’s ruling party.

Protesters gathered with mixed feelings. A lady of the crowd called the latest actions of the government as the limitation of the freedom of the press in Hungary. Some others were more positive hoping that the government would sooner or later make changes as a result of demonstrations.

Despite the protest in the streets, blank pages in papers and black screens aired by many Hungarian television channels, the government seems to be inconvincible about the introduction of advertisement tax. The party’s politicians are jointly backing the proposed bill and the parliament would discuss it early this week, and would highly likely accept it with minor corrections.

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

19,000 young jobseekers hired in expanded subsidy program Government

19,000 young jobseekers hired in expanded subsidy program

Healthcare Roadshow Highlights Innovation, Screening Awarene... Interview

Healthcare Roadshow Highlights Innovation, Screening Awarene...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.