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Finance Minister: Government to preserve competitive tax system despite global minimum tax
The finance minister noted that Hungarian companies pay one of the lowest public taxes in Europe.
Global minimum tax
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PM Orbán: Hungarian economy to provide jobs for Hungarians first
The prime minister said Hungary will need some 500,000 new workers in the coming 1-2 years.
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FM: Global minimum tax will not increase competitiveness of world economy
The foreign minister said that as a result of a single-bracket tax system introduced in 2010 and the lowest taxes in Europe, Hungary now has a record high employment and...
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Navracsics: Hungary's adoption of global minimum tax does not mean taxes will increase
As part of a deal with Brussels, an existing business tax would be seen as part of the general tax burden, so in Hungary’s case the corporate tax would not...
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FM: Introducing global minimum tax would be “coup de grace” for European economy
Minister Szijjártó noted that the global minimum tax was a hot topic in US politics, too, as an aim of the Democrat government staunchly rejected by Republicans.
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NR: Biden keeps tax treaty with Russia but terminates it with Hungary
John Fund writes that Hungary has been a thorn in Biden’s side for years.
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Finance Minister: US pressuring Hungary by terminating double taxation avoidance agreement
Mihály Varga said introducing the global minimum corporate tax is “unjustified” in a wartime situation amid runaway energy prices.
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FM: US terminates double taxation avoidance agreement with Hungary
The reason for the step is clear: Hungary is opposed to the introduction of the global minimum corporate tax rate and the resulting tax increases.
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Gulyás: Agreement on Hungary’s RRF funding now depends on EC
Gergely Gulyás, the prime minister’s chief of staff, said an agreement on Hungary’s Recovery and Resilience Facility (RRF) funding now depends only on the European Commission.
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Bánki: Linking global minimum tax vote to receipt of EU funding ‘unlawful’
Any attempt by the European Commission to link the vote on the proposed global minimum corporate tax rate with the disbursement of EU funds would be wrong and unlawful, said Erik Bánki, the Fidesz chairman of the Parliament's economic committee.
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Szijjártó: We are the government of tax cuts
Reporting on his discussion with U.S. Secretary of State Antony Blinken, the foreign minister emphasized that the lower the taxes are on work and businesses, the more it helps competitiveness.
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Hungary won't “rethink” its stance on global minimum tax
The global minimum tax would bring a competitive disadvantage to Europe given that countries elsewhere in the world have not yet approved the tax.
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State Secretary: Global minimum tax would bring competitive disadvantage to Europe
Zoltán Kovács briefed the French press on the Hungarian government and parliament’s rejection of the planned EU directive to levy a global minimum tax against multinational companies.