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FM: Hungarian V4 presidency will spare no effort to prevent imposition of global minimum tax

“It is our vital interest that tax policies should remain under national control,” the foreign minister said.

The foreign minister has stressed that for Hungary’s economy to recover quickly, the economies of other Visegrad Four member states should also develop dynamically.

During a summit meeting of the Visegrad Group prime ministers in Katowice, Péter Szijjártó, Minister of Foreign Affairs and Trade, said Hungary’s trade turnover with its three Visegrad partners exceeded HUF 10,000 billion (EUR 28.5bn) even in the past “black year” of global trade, adding that the Czech Republic, Poland and Slovakia together accounted for 14 percent of Hungarian trade. As central Europe’s “remarkable economic achievement” was to no small extent due to low taxes, all external attempts at forcing the countries in the region to raise taxes should be rejected, he said. The Hungarian V4 presidency will spare no effort to prevent the imposition of the global minimum tax on the Visegrad Group, Minister Szijjártó said. “It is our vital interest that tax policies should remain under national control,” he said. Concerning security challenges to the post-pandemic world, Minister Szijjártó said that “Brussels once again puts the mandatory resettlement quotas on its agenda but it is in vain”. Central Europe should make it clear that it does not accept illegal immigrants, he said.

As another priority, Minister Szijjártó said that EU enlargement should not be struck off from the agenda and the Western Balkan countries should be admitted to the bloc as soon as possible. The security and stability of the Western Balkans is a key condition of stability in central Europe, he said.