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Budapest could introduce five new taxes

Members of the Budapest Municipal Council on Wednesday approved an economic plan for 2011-2014 that makes the introduction of five new local taxes a possibility.

The introduction of a congestion charge, an entertainment tax, a firemen's tax, a tax on the appreciated value of property and a regional development tax are included in the plan.

Budapest mayor István Tarlós said in a television interview late Tuesday that the five new taxes would replace existing taxes.