Infringement Proceedings Against Hungary?

Politics ♦ Published: September 13, 2012; 19:42 ♦ (Vindobona)

The Commission of the European Union is said to start infringement proceedings against Hungary because of the introduction of financial transaction taxes.

Infringement Proceedings Against Hungary? / Picture: ©

According to the news provider, the Commission may start proceedings against the Hungarian government. In 2013, Hungary plans to introduce the financial transaction tax.

The tax would impose a levy on all transactions. The current Hungarian bank tax should be replaced by a financial transaction tax gradually. Banks should not be affected directly. In 2013, the bank…