Published 3 years ago • loading... • Updated 3 years ago

EU fails to agree corporate tax reform as Hungary vetoes overhaul

Summary by Ground News

An EU agreement had been expected on Friday after Poland dropped its opposition to setting a minimum corporate tax of 15%. Hungary emerged as a last-minute hurdle and prevented a deal that requires the backing of all 27 EU states. Hungary's foreign minister said it was 'very dangerous' to be increasing the tax burden on European manufacturers. French Finance Minister Bruno Le Maire urged ministers to continue the work to strike a deal at a later stage.

17 Articles

Washington Examiner

Lean Right

Hungary vetoes EU adoption of global corporate minimum tax pushed by Biden

Hungary has thrown cold water on the European Union’s plan to adopt a 15% corporate minimum tax, dealing a blow to EU leadership and the Biden administration.

3 years ago·Washington, United States

Read Full Article

Irish Times

Lean Left

EU fails to agree corporate tax reform as Hungary vetoes overhaul

Adoption of 15% minimum rate thrown into doubt again

3 years ago·Dublin, Ireland

Read Full Article

Euronews

Center

Hungary blocks EU deal on 15% minimum corporate tax

Budapest argues the new tax would deal a "low blow" for European competitiveness and put jobs at risk. #EuropeNews

3 years ago·France

Read Full Article

Politico Europe

Lean Left

Hungary’s tax veto leaves EU adrift and Bruno Le Maire burned

A tax deal was a top priority for the French Presidency.

3 years ago·Brussels, Belgium

Read Full Article

Wall Street Journal

Center

Global Minimum Tax Suffers Fresh Setback as EU Fails to Agree on Implementation

Hungary vetoed a European Union agreement to implement the minimum tax rate on company profits, which is also stalled in the U.S.

3 years ago·New York, United States

Read Full Article

Eldiario.es

Lean Left

Orbán's new blackmail to the EU: Hungary now blocks 15% tax on multinationals

Budapest takes over from Warsaw, which had so far blocked the new taxation until it managed to get the recovery plan worth 36 billion euros out of the freezer in Brussels

3 years ago·Spain

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year