Hungarian FM seems to move on global minimum tax in talks with Blinken –



Foreign Affairs and Trade Minister Péter Szijjártó met his American counterpart Antony Blinken in Paris on a single issue, the global minimum corporate tax, Telex reported by the Hungarian National News Agency MTI Wednesday.

The minimum tax is expected to be in the range of 10-15%, which is an increase for Budapest which currently sets its corporate tax rate at 9%.

Hungarian authorities fear an increase will make the country less attractive for international investment.

Szijjártó said in May that the government would not agree to the introduction of a global minimum tax, and in July the issue was raised in one of the government polls nationwide.

The US Secretary of State “has indicated that this is a very important issue for the United States, so they would like to see a deal,” Szijjártó said in a Facebook post.

Szijjártó said the Hungarian government was “ready for a compromise if it could come to an agreement on regulations which do not harm the Hungarian economy and endanger Hungarian jobs”.

“Based on today’s talks in Paris, I think there is a chance for that,” the foreign minister wrote in his message.

(Vlagyiszlav Makszimov | with telex)



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