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U.S. Treasury to end 1979 treaty with global minimum tax holdout Hungary

Summary by Ground News
The U.S. Treasury on Friday said it was moving to terminate a 1979 tax treaty with Hungary. Budapest's decision to block the European Union's implementation of a new, 15% global minimum tax. The termination is expected to completed in six months after the Treasury sends formal notification to Hungarian authorities.

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  • 67% of the sources are Center
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Reuters broke the news in United Kingdom on Friday, July 8, 2022.
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