Government still plans to introduce ad tax
The government will still impose a tax on advertisements under the present circumstances, government Spokesman András Giró-Szász said on Wednesday in response to a question regarding the consequences of the European Commission's recommendation to lift the Excessive Deficit Procedure (EDP) against Hungary. Economy Minister Mihály Varga said that the issues of the extraordinary sectoral taxes or the financial transaction tax were not discussed at a Wednesday cabinet meeting, though a proposal on the advertisement tax was prepared. Prime Minister Orbán early last week mentioned for the first time the advertisement tax, which he said should be introduced parallel to an increase in the financial transactions duty, the bank levy and the energy tax to ensure that the Excessive Deficit Procedure against Hungary is lifted. The economy ministry published a draft of the tax last Friday and the government was to discuss the plan at its meeting on Wednesday.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.