Brussels, 13/03/2015 (Agence Europe) - On 12 March, the European Commission opened an in-depth investigation into whether Hungary's advertisement tax introduced in June 2014 complies with EU state aid rules.
The Commission has concerns that the progressive tax rates, ranging from 0% to 50%, could selectively favour certain companies and give them an unfair competitive advantage. At this stage, the Hungarian authorities have not presented any objective reason that would justify this.
The...