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Sep 07, 2020

Finance Minister: EU’s coronavirus recovery package should respect member states’ right to determine tax regulations

Minister Varga said V4 finance ministers signed an agreement on regional cooperation regarding digital economy and the fight against tax evasion and money laundering.

 

Finance Minister Mihály Varga said the  European Union’s recovery package to offset the economic impact of the coronavirus pandemic will have to be set up in a way that respects member states’ right to determine tax regulations.

Speaking in Warsaw, where he attended a meeting of Visegrad Group finance ministers, Minister Varga said the ministers signed an agreement on regional cooperation regarding digital economy and the fight against tax evasion and money laundering.

V4 cooperation has become an important factor in European politics, Minister Varga said, all the more so since the region has become the “economic engine of Europe”. Cooperation on tax procedures is a tool to strengthen the fight against tax fraud. The EU’s tax regulations should also be strengthened, enabling digital companies to be taxed, he added.

Photo credit: vg.hu