Investors rattled as Hungary unveils $2.19 bln windfall tax plan ...Middle East

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Investors rattled as Hungary unveils $2.19 bln windfall tax plan
source : Devdiscourse ( Middle East ) () 27
Hungary on Thursday announced new windfall taxes worth 800 billion forints ($2.19 billion) on "extra profits" earned by banks, energy companies and other firms to plug a budget gap, hitting Budapest stocks and rattling investors. Prime Minister Viktor Oban needs to raise revenues to bolster government finances after his pre-election spending spree and caps on energy bills, which helped him win a landslide victory last month.

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