On Friday 4 November, the European Commission found that the Hungarian advertising tax of 2014 is incompatible with the EU rules on state aid, as its progressive rates (between 0% and 50%) give certain companies a selective advantage. It also unduly favours companies which did not register any profits in 2013, as it allows them to pay less tax.
The in-depth investigation showed that due to the progressive rates, companies with low turnover benefitted from an undue economic advantage.
The...