In a move that Silicon Valley companies hope doesn’t become a trend, Hungary’s government is considering a hefty tax on Internet usage.
Earlier this week, Hungary’s government sent a new tax bill to its parliament, according to a report by Reuters. The tax would be levied on Internet service providers and telecom companies.
The question is, if this bill becomes law, how much of the cost will be passed along to other Internet companies and consumers?
The draft of the bill calls for charging 60 cents for each gigabyte of data. Hungary’s government estimates that could raise $83 million in annual tax revenue, according Reuters.