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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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ReutersReuters

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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IBTimesIBTimes

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 ExaminerWashington 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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Al JazeeraAl Jazeera

EU fails to agree corporate tax reform as Hungary rejects deal

Hungary opposes setting a minimum corporate tax of 15 percent on big multinationals, preventing an EU deal.

4 months ago·Qatar
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EuronewsEuronews

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

4 months ago·France
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Hungary obstructs EU tax settlement

Poland is no longer saying no to the EU on a global minimum tax for big business — following pledges of billion-dollar aid from Brussels.

4 months ago·Falkenberg, Sweden
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Bias Distribution

50% of the sources are Center
Euronews
EURACTIV
Eldiario.es
EU Observer
Reuters
IBTimes
Al Jazeera
Irish Times
Politico Europe
Barron's
+1
Wall Street Journal
Washington Examiner
L 33%
C 50%
R 17%
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