Budapest Airport (BUD) is appealing a land tax increase that it believes violates Hungarian constitutional principles regarding the proportionate sharing of public burdens.
The airport operator has submitted a petition to the Constitutional Court of Hungary in which it argues that, in addition to local business tax, it is being asked to pay HUF2.25 billion ($9.9 million) in land tax for 2012. This amount “is 330% [above] last year’s obligation,” BUD said in its court submission.
Budapest Airport (BUD) is appealing a land tax increase that it believes violates Hungarian constitutional principles regarding the proportionate sharing of public burdens. The airport operator has submitted a petition to the Constitutional Court of Hungary in which it argues that, in addition to local business tax, it is being asked to pay HUF2.25 billion ($9.9 million) in land tax for 2012. This amount “is 330% [above] last year’s obligation,” BUD said in its ...
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