Hungary has proposed the introduction of a “Google tax” on internet companies.
Citing the news agency MTI, BBJ reports that the country put forward the idea of what would be a withdrawal tax on the likes of Amazon, Facebook and Google at an informal meeting of European Union finance ministers in Bratislava.
According to Mihály Varga, Hungary’s minister for national economy, the tax would be similar to one already levied in the US, charged on payments transferred to a foreign service provider.
The idea of such imposing such a tax is also favoured by the three other countries in the Visegrád group, namely Poland, Slovakia and the Czech Republic.
