The world's leading industrial powers, the G7, have agreed to promote a global reform of corporate taxation. The proposal, which was originally linked to Joe Biden, would involve a serious tax increase in our country. This is just a preliminary idea, but the Hungarian government stated in time: it does not support any global minimum tax.
The finance ministers of the world's seven leading industrial powers (G7) agreed on the promotion of a global reform of corporate taxation at their two-day meeting in London, which ended on Saturday, the telegraph office reported. Based on the agreement - described as historic by the host British finance minister Rishi Sunak - the UK, which holds the G7 presidency, as well as the finance ministers of the United States, Canada, Japan, Germany, France and Italy, agreed to support the principle that
It would set the minimum target corporate tax rate for each country at 15 percent.
In Hungary, the corporate tax has been only nine percent since 2017, which means that the idea would involve a significant tax increase in our country.
Hungary does not contribute to any tax increase, including the introduction of the global minimum tax
András Tállai told our paper the other day. According to the Deputy Minister of Finance, the idea advocated by US President Joe Biden among others shows that the great powers want to win the international competition for investments by taking away the right of free decision from other countries. When announcing his tax package, Biden of 21 percent . Explaining the government's position, András Tállai stated: we simply cannot support a tax increase, even if there were influential supporters of the idea. (You can read Magyar Nemzet's interview with András Tállai here .)
Opening image: ctgn.com
