US EditionBrussels Attacks Hungarian Government's Tax: Money May Be Returned with Interest
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The Advocate General of the Court of Justice of the European Union has ruled that the Hungarian government’s carbon dioxide quota tax introduced in 2023, which has severely affected several large domestic companies – including Nitrogénművek, Holcim and Duna-Dráva Cement – violates EU law. The disputed tax generated 67 billion forints last year and could bring the state around 75 billion forints in revenue this year, but the companies could even …
The Advocate General of the Court of Justice of the European Union has declared the Hungarian carbon tax to be contrary to EU law, which could have serious consequences for the budget and the companies affected. The tax, which was introduced retroactively in 2023, has placed a significant burden on several large domestic companies, in particular Nitrogénművek and construction material manufacturers.
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