On 22 May 2015, the Hungarian government submitted a bill to parliament that would effectively level the application of the country's Advertising Tax. This follows the launch in March of an in-depth investigation by the European Commission into whether Hungary's Advertising Tax complies with EU State aid rules. Passage of the bill would introduce a flat 5.3% rate on annual advertising revenue exceeding HUF 100 million. Currently, progressive rates apply starting at 1% on revenue of HUF 500 million up to 50% on revenue exceeding HUF 20 billion. The bill would also reduce from 20% to 5% the rate of...