Hungary the only EU state to reject global minimum tax

By introducing a global minimum tax, the European Union would put itself at a serious competitive disadvantage, PM Orban's office chief has said. Gergely Gulyas noted that Poland, after rejecting the idea of a global minimum tax, had changed its views.

POLITICS JUNE 17. 2022 14:35

„The government does not support the introduction of a global minimum tax, as this would force Hungary to double the taxes levied on businesses. This would also eliminate Hungary’s tax advantage and impose additional burdens on businesses that would be difficult to bear even in a normal economic period,” said Gergely Gulyas, the head of the Hungarian Prime Minister’s Office. The minister stated that

„the Hungarian government will not support the introduction of a global minimum tax at a meeting of EU finance ministers, and since „the draft global minimum tax can only be adopted by a unanimous decision, no such decision can be made without us”.

Mr Gulyas added that currently Hungary is the only state in the EU that rejects the idea of ​​a minimum tax.

Poland had previously opposed its introduction, but their position has changed ever since they signed an agreement with Brussels in recent weeks giving them access to the multi-billion-euro recovery fund.

When asked by Mediaworks News Center, Gergely Gulyas did not want to speculate as to whether he sees a connection between the aforementioned deal and the change in the Polish position, because the decision was made by a cabinet allied with the Hungarian government. However, he described the coincidence of the two developments as a fact.

POLITICS

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eu, Hungary, poland, taxes