The Hungarian government does not accept the introduction of the global minimum tax, since it would lead to a tax increase in Hungary. This was announced yesterday in Paris by Minister of Foreign Affairs and Trade Péter Szijjártó after meeting with Mathias Corman, the elected Secretary General of the Organization for Economic Co-operation and Development (OECD).
According to the head of the ministry, it has been proven in the last decade that the path of tax increases is a dead end, and tax reductions are the best incentive for job creation and economic growth.
"No one has the right to intervene in Hungarian tax policy from the outside," said Péter Szijjártó , indicating that Hungary insists that the determination of tax rates remains a national competence. He added that it has been proven that Hungary gave the most successful economic response to the pandemic and its consequences, as well as that the economic policy direction focusing on tax reduction, investment support and saving jobs is the right one.
At the same time, the minister agreed that a solution to the taxation issue of large technology companies must be found, and that taxes must be paid at the place of value creation.
The elected new Secretary General of the organization will take office on June 1, and since his election he was the first to receive Péter Szijjártó, who said after the meeting that the Australian Mathias Cormann uses a pragmatic, reasonable approach, and according to his intentions, he does not allow ideological debates to break into economic policy ideas.
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