Hungary does not support the gas embargo or the introduction of a global minimum tax
He does not support the introduction of a global minimum tax in Hungary in Europe – this was personally confirmed by Mihály Varga at the meeting of the individual finance ministers. If the European Union introduces a minimum tax, it could even put the United States at a serious competitive disadvantage. Russ Vought, president of the Center for Renewing America, welcomed Hungary’s position on the minimum tax. According to Zoltán Lomnici Jr., a legal expert at the end of the century, Vought’s opinion is particularly positive.
The government also does not support a gas embargo or the introduction of a global minimum tax
“Russ Vought’s entry was a very positive reaction to the Hungarian government’s rejection of the global minimum tax. Republicans are particularly dismissive of the minimum tax supported by the Biden government. The fact that Hungary has entered the mainstream of this discourse is of paramount importance,
as he feels a background expansion he has never experienced before from the right side of America“
He explained. Zoltán Lomnici, who said that the “imperial equator” supported by the American left would cause a competitive disadvantage and ensure the loss of jobs in Hungary.
“I am pleased that Hungary is rejecting the competition for a global minimum tax, which is also being called for by the administration of Joe Biden (US President).”Wrote Vought, who was head of the White House-led Budget Office (OMB) under the previous Donald Trump U.S. presidency and was one of the most influential professional figures in the Republican national-populist wing. The leadership station is developing a future foreign policy strategy for Trump adherents.
Minister of Foreign Affairs Mihály Varga said that the introduction of a global minimum would mean a tax increase, a loss of competitiveness and job losses in Hungary at a meeting of EU finance ministers in Luxembourg on Friday, so the government does not support the adoption of the directive despite international pressure.
“Hungary does not think that when energy prices rise, when the burden on families increases, and when the number of challenges for companies increases, this measure could be taken.“- formulated by the Minister of Finance.
Hungary rejects global minimum tax
He does not support the introduction of a global minimum tax in Hungary in Europe – this was personally confirmed by Mihály Varga at the meeting of the individual finance ministers. According to the Hungarian government, one of the secrets to the success of the Hungarian economy is that the tax level is low, so it is worthwhile for foreign companies to come here.
According to the Hungarian government, one of the secrets to the success of the Hungarian economy is the low level of taxation.
all the union, if it introduces a minimum tax, could even put the United States at a serious competitive disadvantage. America could back down an initiative if a majority of Republicans in Congress in the November mid-term election.
“Europe is also shooting itself on this issue, literally, as it is introducing a tax burden that is slowing down, making it harder for European economies, and no one is just waiting and preparing to introduce such a tax.” – said Minister of Finance Mihály Varga.
Today, the Hungarian tax rate would be 7.5 percent, while the global minimum tax would be 15 percent, so its introduction would place an unbearable burden on the Hungarian economy and Hungarian businesses, Gergely Gulyás, the prime minister, said on Friday. He stated that only a unanimous decision can be made on the issue of the minimum tax, and without Hungary this cannot be achieved.