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European Commission studying “crisis tax” complaint

The European Commission is studying a letter from multinationals complaining of “crisis taxes” levied in Hungary, Olivier Bailly, a spokesman for the Commission, said in Brussels.

The Hungarian government's stand on the matter, as requested by the Commission, is also being reviewed, Bailly said.

At the moment there is no word of an official probe, he said. A decision on a possible investigation will be made only after the Commission's analysis is completed, he added.

The Commission has the legal right to assess whether Hungary is keeping EU rules.

Thirteen European multinationals asked the Commission to levy sanctions on Hungary because of the taxes in a letter sent in December.

Revenue from crisis taxes on Hungarian retail, telecommunications and energy companies was expected to come to HUF 161 billion in 2010. (MTI – Econews)