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 | EURACTIV.com with telex)