The tax in practice forces all market players to restrict data traffic when the world is developing in precisely the opposite direction, Mattheisen argued.

“We cannot ignore the effects of the extra taxes levied so far, as Magyar Telekom is unable to pay dividends for a second year and dismissals are partially due to the fact that profits are much lower than before,” he said.

He warned that any further tax will affect planned fixed capital investments, even those specified in the co-operation agreement.

Source: Hungary Around the Clock

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MTI photo: Szigetváry Zsolt