Hungary to create $2 billion anti-coronavirus fund partly from taxing banks

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Hungary's government has created a $2 billion (1.6 billion pounds) special fund to aid the fight against the new coronavirus and it will include contributions from banks and foreign retailers, a top official said on Saturday.

FILE PHOTO: Gergely Gulyas, Hungarian Prime Minister Viktor Orban’s chief of staff speaks during an interview in his office in Budapest, Hungary on September 16, 2019. REUTERS/Gergely Szakacs

BUDAPEST - Hungary’s government has created a $2 billion special fund to aid the fight against the new coronavirus and it will include contributions from banks and foreign retailers, a top official said on Saturday. Prime Minister Viktor Orban’s Chief of Staff, Gergely Gulyas, told an online press briefing that Hungarian banks will be expected to pay 55 billion forints in the fund this year, with multinational retailers adding 36 billion forints.

Local governments will have to divert vehicle taxes amounting to a total of 34 billion forints to the fund, while political parties will pay half of their central budget revenue to the fund for a total of 1.2 billion forints.

 

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you still don't know this pandemic is a virus war? this is CCP and WHO work together starting a war that loss one city to win whole world, you don't known that CCP born for defeat USA?Anything they tell you just their trickery.

so many governments are pushing the problems onto banks

The END of EU. Every country needs its own physical borders.. Nobody wants to pay off others debts..

Finally! Taxing the banks! What an idea, who would’ve ever thought that we could make additional revenue as the government by taxing people who make nothing but money?!

“Taxing banks” = Taxing Depositors and Borrowers The bank will not pay these taxes.💁🏼‍♂️

Latest updates | cases per million population👇 CoronavirusPandemic COVID2019

Hungary = Official Branch of Kremlin

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