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.

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