Brussels Takes Side of 'Price-Gouging' SPAR Hungary

  • 4 Oct 2024 7:54 AM
Brussels Takes Side of 'Price-Gouging' SPAR Hungary
Supermarket chain SPAR has launched "another political attack against Hungary with Brussels on its side", the National Economy Ministry said.

The ministry issued the statement after the European Commission launched an infringement procedure against Hungry over a progressive turnover-based tax system for retailers that it said constituted a restriction to the freedom of establishment.

The ministry said Hungary's sectoral tax on retailers had come under attack again, in spite of the Court of Justice of the European Union's position, in a ruling in 2020, that it was in line with EU norms.

"This measure was attacked once and we defended it, and we'll defend it now, too," it added.

The ministry noted that the CJEU had ruled earlier that member states were free to decide on the taxation system that best fit their needs, including progressive taxation based on turnover.

With its latest decision, the EC has "taken the side of price-gouging, profit-hungry SPAR instead of families", the ministry said.

Source: 
MTI - The Hungarian News Agency, founded in 1881.

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here!

Related links

Blackmail Claims: Orbán Tried to Convince Spar to Sell a Minority Stake to His Relative, Says Spar’s Boss in Hungary

SPAR’s “Attacks” Against Gov't Driven by “Loss-Making Position” of its Local Business

  • How does this content make you feel?