• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Szijjártó to Blinken: Hungary does not support global minimum taxSzijjártó to Blinken: Hungary does not support global minimum taxSzijjártó to Blinken: Hungary does not support global minimum taxSzijjártó to Blinken: Hungary does not support global minimum tax
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
  • Hungarian government continues sacking hundreds of high-ranking military officers

Support us
DNH 2021 DNH 2021 · 15/06/2022
· Politics

Szijjártó to Blinken: Hungary does not support global minimum tax

Foreign Affairs Ministry of Hungary Hungarian economy Hungarian government Hungary tax/VAT United States

Hungary is not keen on a global minimum tax because it would undermine European competitiveness, Péter Szijjártó, the foreign minister, said after talks by phone on Wednesday with US Secretary of State Antony Blinken.

Szijjártó said on Facebook that he had told Blinken: “We’re not keen on this idea at all, especially not in its current form or under the current circumstances.” The war is putting the European economy under strain, and

new taxes on producers could prove fatal,

“especially since efforts are under way to introduce them in Europe at the start of next year, while who knows when they’ll be introduced in the rest of the world, if at all,” he said. Szijjártó said he agreed with Blinken to hold further consultations later this week.

  • Read also: Hungarian government plans extremely high tax revenues – who will pay?

Minister of economic development: 80 pc of inflation in Hungary due to global factors

Global factors such as rising energy and grain prices account for 80 percent of Hungarian inflation, Márton Nagy, the minister of economic development, said in a newspaper interview published on Tuesday. Nagy told the daily Magyar Hírlap that recent forint weakening was linked to global developments and could be traced back to the US inflation data released last Friday.

The minister said inflationary tensions were growing, and he also spoke of the risk of a recession.

He noted that bond yields are rising, setting a challenge for the region and southern European states. Much depends on how the war in Ukraine pans out, he said, adding that next year could be tougher than the current one.

ryanair ceo Michael O’Leary
Read alsoRyanair CEO: the Hungarian departure tax is stupid and a robbery

Source: MTI

Foreign Affairs Ministry of Hungary Hungarian economy Hungarian government Hungary tax/VAT United States
Share
DNH 2021
DNH 2021

4 Comments

  1. Gabor says:
    15/06/2022 at 11:29

    Mr. Szijjártó claims “European competitiveness” is at stake, due to the 15% corporate minimum tax … Which is interesting, since Hungary (9%) together with Ireland (12.5%) are the only two EU Members with a sub-15% corporate tax rate. The EU average percentage is closer to 21%. Very curious as to who gets to pay more tax to get us out of the current hole?

  2. Anonymous says:
    15/06/2022 at 11:59

    Oh no….a Super-Power like Hungary is against this, what will the Americans do? they are devastated!

  3. mariavontheresa says:
    15/06/2022 at 18:27

    A uniform tax of 15% kills competitiveness. There is no way China, the largest world trader, will agree to this. Why would anyone wish to give China a more favorable trade deal? Was this policy generated to quiet the China deal with Hunter Biden? All policies coming from the US are pro American (as they should be) but they are usually detrimental to the rest of the world.

  4. Disarray : says:
    15/06/2022 at 21:30

    ANOTHER case of Brand name Hungary – getting its IMAGE tarnished.
    Could be the case of WIDENING – U.S.A and Hungarys – Indifferences.
    Relationships with the U.S.A. – we know are at breaking point.
    Hungary – any unfounded objection to proposals and ideas put forward by the U.S.A. – that are not of FACT, just deepens the widening gap Hungary has created for it-self with the U.S.A.
    We know – who the Winner will be.

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • Hungarian police contingent travel to Serbia
  • What does the future hold for the Hungarian forint? Analysts answer
  • PHOTOS, VIDEO: Hungarian rescue team in Türkiye already saved many lives and work 24/7
  • What happened today in Hungary? – 8 February, 2023
  • Fuel prices to decrease again in Hungary from Friday
  • Here are the localities where the air quality is deteriorating
  • Hungarian government continues sacking hundreds of high-ranking military officers
  • Joint opposition PM candidate Márki-Zay founded new party

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V