Human Rights court upholds severance pay ruling vs Hungary
In a Tuesday decision, The European Court of Human Rights’ Grand Chamber has rejected an appeal against a decision awarding damages to a Hungarian national because her severance pay was taxed at a rate of 98%.
The appeal by the government of Hungary was against a decision taken by the court last June. The court ruled for the plaintiff, who argued that the 98% tax on the upper bracket of her severance pay was an unjustified deprivation of property, under Article 1 of Protocol No. 1.
The 98% tax is applied to severance pay of civil servants exceeding HUF 3.5 million. The plaintiff had been awarded €16,000 in pecuniary and non-pecuniary damages and €900 to cover court costs in the previous decision.
ADVERTISEMENT
Business Confidence Worsens, Consumer Confidence Improves
Parliament Negates Mandatory Membership in MOK
Haulier Koncsek Trans Invests HUF 150 mln in Garage Upgrade
Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...
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.
