Hungarian Premier Orban Scraps Internet Tax Amid Protests – Bloomberg.
Hungarian Prime Minister Viktor Orban scrapped plans to introduce the world’s first Internet tax, bowing to pressure after tens of thousands of people protested at rallies across the eastern European Union member.
“Whatever the government’s intention was, this tax simply can’t be introduced,” Orban said in a state radio interview today in his first public comments since the demonstrations. “We want to govern with the people.”
The Internet tax plan sparked two of the biggest rallies against Orban’s administration since he returned to power in 2010. The rallies widened into anti-government protests, with demonstrators criticizing perceived state corruption and centralization of power.
Magyar Telekom Nyrt., the Hungarian unit of Deutsche Telekom AG, jumped 5 percent to 339 forint by 10 a.m. It competes with the local unit of Liberty Global Plc (LBTYA) and Digi Kft. for broadband customers and subsidiaries of Telenor ASA (TEL) andVodafone Group Plc (VOD) in the mobile phone market.
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