Hungary makes parties, foreign firms, banks pay for virus impacts
Budapest: Hungary said Saturday that multinational firms, banks, political parties and local councils must pay up to combat the economic fallout of the novel coronavirus.
A package of special taxes and obligatory contributions to an emergency fund are part of an economic "action plan” to fight the impacts of the virus, said Gergely Gulyas, a minister in Prime Minister Viktor Orban’s cabinet.
The government is reallocating 3.7 billion euros ($4 billion) of the state budget to the fund, but is also "obliging multinationals, political parties, banks and municipalities to share the burden,” Gulyas told a press briefing in Budapest.
Special taxes will be levied on multinational firms and banks that will pay into a rescue fund of approximately 100 million euros ($110 million) and 150 million euros ($160 million) respectively, said Gulyas, without providing further details. – AFP