Emergency order targets ‘extra profits’ of big firms ...News

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Hungary will order banks, insurers, airlines and other large corporations to hand over “extra profits” to fund the military Hungary intends to fund its military and social safety programs by taxing banks, insurance companies, airlines, energy and telecom utilities and others, Prime Minister Viktor Orban announced on Wednesday. It's Orban's first action under a state of emergency that Budapest has just enacted, citing the conflict in neighboring Ukraine. The 'Robin Hood'-style measure may also be perceived as upping the ante in a battle with the EU over frozen funding.  “We ask and we expect that those who made ext

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