RTL Group

Hungary's Pariament Approves Hefty Media Advertisement Taxes

Lawmakers in Hungary have backed the introduction of taxes on revenues from media advertisement which could jump to 40% for the biggest broadcasters.

A detailed view on the bill however suggests it will probably have a severe impact on just one TV channel, the RTL Klub, which is owned by the Luxembourg-based German media concern RTL, Germany's daily Die Welt reports.

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