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Reuters
Reuters
Business

Hungarians protest for second day against tax overhaul

Demonstrators take part in an anti-governmental protest after a move by the Hungarian government to tighten a favourable tax rate offered to small businesses, in Budapest, Hungary July 13, 2022. REUTERS/Marton Monus

Several thousand Hungarians protested against Prime Minister Viktor Orban's government outside parliament on Wednesday in the second day of anti-government rallies after lawmakers fast-tracked legislation sharply raising taxes for small firms.

An hours-long blockade of a bridge in Budapest on Tuesday failed to derail the approval of a motion by nationalist Orban's government to increase the tax rate for hundreds of thousands of small businesses.

Wednesday's rally again gathered outside parliament before protesters chanting "We've had enough!" marched to a main square in central Budapest, blocking traffic.

Demonstrators take part in an anti-governmental protest after a move by the Hungarian government to tighten a favourable tax rate offered to small businesses, in Budapest, Hungary July 13, 2022. REUTERS/Marton Monus

Re-elected in April, Orban is facing his toughest challenge since taking power in a 2010 landslide, with inflation at a two-decade high, the forint at record lows and European Union funds in limbo amid a dispute over democratic standards.

On Wednesday his government ordered an export ban on fuels like gas and scrapped a years-long cap on utility prices for higher-usage households, rolling back one of the 59-year-old prime minister's signature economic policies.

The measure will sharply increase electricity and gas prices for households using more energy than average consumption levels.

Demonstrators take part in an anti-governmental protest after a move by the Hungarian government to tighten a favourable tax rate offered to small businesses, in Budapest, Hungary July 13, 2022. REUTERS/Marton Monus

(Reporting by Krisztina Fenyo; Writing by Gergely Szakacs; Editing by Kirsten Donovan)

Demonstrators take part in an anti-governmental protest after a move by the Hungarian government to tighten a favourable tax rate offered to small businesses, in Budapest, Hungary July 13, 2022. REUTERS/Marton Monus
Demonstrators take part in an anti-governmental protest after a move by the Hungarian government to tighten a favourable tax rate offered to small businesses, in Budapest, Hungary July 13, 2022. REUTERS/Marton Monus
Demonstrators take part in an anti-governmental protest after a move by the Hungarian government to tighten a favourable tax rate offered to small businesses, in Budapest, Hungary July 13, 2022. REUTERS/Marton Monus
Demonstrators take part in an anti-governmental protest after a move by the Hungarian government to tighten a favourable tax rate offered to small businesses, in Budapest, Hungary July 13, 2022. REUTERS/Marton Monus
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