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In principle, Hungary fully supports the fight against base erosion and profit shifting, but we believe that the fight against harmful tax competition should not become a fight against the competitiveness of tax systems (Photo: ptmoney.com)

Hungary: why we can't support a global minimum tax

On 1 July, the majority of members of the OECD Inclusive Framework (IF) agreed on the main building blocks of new tax legislation for the digital economy (Pillar 1) and a global minimum tax (Pillar 2).

However, some IF members, including Hungary and two other EU member states, did not join the agreement. This is why.

The new agreement covers only a few key factors of the planned legislation, with important technical elements not ...

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Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Norbert Izer is state secretary for tax affairs at the ministry of finance for the Hungarian government.

In principle, Hungary fully supports the fight against base erosion and profit shifting, but we believe that the fight against harmful tax competition should not become a fight against the competitiveness of tax systems (Photo: ptmoney.com)

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Author Bio

Norbert Izer is state secretary for tax affairs at the ministry of finance for the Hungarian government.

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