Hungary's new government targets Orbán-era oligarchs with wealth tax
By
Juliette Garside
Summary
Hungary's new government under PM Péter Magyar is preparing to launch a wealth tax targeting the oligarchs who benefited from Viktor Orbán's 16-year rule. The article focuses on advertising mogul Balásy Gyula, who surrendered his businesses and savings to the state, expressing despair about his companies' future. The wealth tax is framed as a measure of 'social justice' after years where political loyalty was rewarded with economic opportunity under Orbán's system.
Source
bskyHungary's new government targets Orbán-era oligarchs with wealth taxtheguardian.comKey quotes
· 3 pulledIn the current situation, I don't think that our group of companies has a future.
I don't think that our group of companies has a future
New PM Péter Magyar calls policy a sign of 'social justice' after years of political loyalty being rewarded with economic opportunity
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