The Court of Justice of the European Union on 3 March 2020 issued its judgments in the cases brought before it by UK retailer Tesco and Dutch headquartered Vodafone against the Hungarian sector-based taxes on retailers and telecom operators.
Following the 2008 financial crisis, Hungary introduced specific taxes on specified economic sectors, including retailers and telecom operators. In both of the latter cases, the levy consisted of a tax on turnover at very steeply progressive rates. Becau…