The economically precarious country has a remarkably low rate of corporate tax, and makes up the difference with high, regressive consumption taxes, including the one of the highest rates of VAT in Europe.
A Facebook group opposing the new Internet tax, to run at 150 forints/GB, has drawn hundreds of thousands of supporters. Under the proposed tax, every byte of Internet use would be metered and taxed. The total tax revenue will exceed the entire turnover of the Hungarian Internet industry. Street protests are planned.
According to 444.hu and Index, the rate would make Hungary the only country in the world where web services such as Skype or YouTube would not be free. 444 also published a list of how much some downloads would cost after the tax takes effect. We publish the original forint prices converted to US dollars:
One hour of browsing, mostly reading articles: 7 cents
An hour of watching videos on YouTube: 8 cents
An hour of listening on Spotify: 9 cents
An hour on Facebook: 14 cents
Listening to a webradio for an hour daily throughout one month: 1 dollar 30 cents
One hour of Skype videochat: 36 cents
Downloading a blu-ray movie via torrent: 19 dollars
Video-streaming all episodes of Friends: 323 dollars
Fidesz proposes unprecedented internet traffic tax in Hungary [Blanka Zöldi/Budapest Beacon]
New internet tax planned; other sectoral taxes to stay in 2015 [Christian Keszthelyi/Budapest Business Journal]
In 2012, Facebook settled a class-action suit with parents who claimed that their kids were being tricked into spending real money on game items, thinking they were spending virtual in-game currency; the parents said that Facebook had structured its system to allow kids to use their parents' credit cards without the parents' intervention, unlike competitors […]
Once-iconic American retailer Sears (owned by Sears Holdings Corporation) will not die a bankruptcy liquidation death after all. Chairman Eddie Lampert today won a bankruptcy auction to purchase the company’s assets, after presenting an upped offer of $5.2 billion, Sears said Thursday.
Pacific Gas and Electric has gone from Wall Street darling to bankruptcy, thanks to the $30 billion in liability from the fires that were started in California by its power-lines.
These days, there isn’t much our iPhone camera can’t do – except feel like an actual phone. Despite years of steadily increasing resolution and image sensing technology, we’re still taking shots awkwardly with two hands, fumbling for the shutter button. Leave it to an avid photographer to design Shuttercase, a versatile iPhone case that solves […]
Still determined to keep those New Year’s health resolutions? If you’re going to stick with the exercise plan, it’s enough of a challenge to budget your time. No need for your financial budget to take a hit, too. Here’s a more convenient – and cheaper – alternative to a gym membership or Peloton bike: Two […]
Want a career in web design? It’s true that these days, most anyone can throw up a page or two. But for true workhorse web design, you’ll sometimes need to match the platform to the project. Enter the Complete Front-End Developer Bundle, an educational grand tour around the best tools for the web. For beginners, […]