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.

4 months ago

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Reuters

EU fails to agree corporate tax reform as Hungary vetoes overhaul

Hungary's Finance Minister Mihaly Varga told his EU counterparts on Friday that his country could not support a reform of corporate taxation at this stage, effectively preventing a deal at EU level.

4 months ago·United Kingdom

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IBTimes

EU Fails To Agree Corporate Tax Reform As Hungary Vetoes Overhaul

Hungary's Finance Minister Mihaly Varga told his EU counterparts on Friday that his country could not support a reform of corporate taxation at this stage, effectively preventing a deal at EU level. An EU agreement had been expected on Friday after Poland dropped its opposition to setting a minimum corporate tax of 15% on big multinationals, but Hungary emerged as a last-minute hurdle and prevented a deal that requires the backing of all 27 EU s…

4 months ago·United States

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Washington Examiner

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.

4 months ago·Washington, United States

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