Hungary Opposes Global Minimum Corporate Tax in Current Shape

July 2, 2021, 8:28 AM

EU member Hungary continues to oppose the introduction of a global minimum corporate tax in its current form, Finance Minister Mihaly Varga says in a statement.

  • “The global minimum tax would obstruct economic growth. The planned 15% tax rate is too high and shouldn’t be levied on real economic activity,” Varga says
  • Hungary’s proposals on the tax in OECD talks have so far been ignored
  • Hungary ready to continue “constructive” talks
  • “Our goal now is to have a fair regulation in place by the time of the OECD meeting in October, one that’s in the interest of all states, independent ...

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