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Hungary Proposes Wealth Tax on Ultra-Rich

Hungary's government has proposed a wealth tax targeting individuals with assets exceeding 1 billion forints ($3.08 million). The proposal was announced by Prime Minister Peter Magyar as a fulfillment of a campaign promise by his governing Tisza party.

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08 million), Prime Minister Peter Magyar said on Tuesday, fulfilling a campaign pledge made by his governing Tisza party. The centre-right Tisza defeated veteran Prime Minister Viktor Orba…