hungary


The Award For Silliest Tax So Far In 2015 Must Surely Go To…

Posted on January 19th, by Global Tax Weekly in Environmental Taxes. No Comments

…Hungary, and it’s going to take some beating I think. Most countries now provide tax incentives in one form or another to the renewable energy industry, while simultaneously increasing or creating new taxes on the use of fossil fuels. Yes, the jury is still out as to what the perfect environmental tax policy should be to reduce emissions of greenhouse gas, or, indeed, whether taxes work at all. But it’s still an eminently sensible policy you might think, when you’re trying to save the world. Hungary thinks rather differently, and in its wisdom has slapped an environmental levy on solar panels. This is because, says the Government, solar cells contain hazardous materials and are therefore difficult to dispose of at the end of their lives. The solar industry counters that panels are actually recyclable, and in any case, have very long lives, … Read More »


Hungarian Hoopla

Posted on June 12th, by Global Tax Weekly in Media. No Comments

A tax on advertising is possibly an even more egregious offense against free trade principles than are anti-dumping duties. I thought that such dippy ideas had been junked along with Gosplan and the Marxist-Leninist Millennium, but I was wrong, because here it is, surfacing again in the EU’s equivalent of a Marx Brothers comedy, that’s to say, the Hungarian Government. They are seriously considering a tax on the revenue of media organizations of up to 40 percent. I really don’t know where to begin with this one. Presumably there is some undercurrent of moral disapprobation going on: that was certainly the case in the USSR, where advertising was seen as as a reprehensible feature of capitalism, and taxing it was therefore a virtuous expression of good Communist principles. But Hungary isn’t Communist. It teeters on the edge of becoming a … Read More »





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