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To reach the global deal, it took three years of intense negotiations, involving all EU countries — Hungary included (Photo: Council of the European Union)

EU must break Orbán's veto on a tax rate for multinationals

With a dire winter ahead, all EU countries need all possible tax revenues to help people cope with the impact of Russia's war against Ukraine.

On Tuesday (6 December), EU finance ministers are again set to tackle the issue of transposing the global deal on a 15-percent minimum effective tax rate for multinationals into European legislation.

This could yield up to €64bn annually. Yet, the Hungarian government led by Viktor Orbán has been blocking it for months. The impotency of t...

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

Author Bio

Aurore Lalucq MEP is the Socialists & Democrats spokesperson on taxation. Paul Tang MEP S&D is chair of European Parliament’s subcommittee on tax matters. Pedro Marques MEP is S&D vice-president responsible for social Europe.

To reach the global deal, it took three years of intense negotiations, involving all EU countries — Hungary included (Photo: Council of the European Union)

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Author Bio

Aurore Lalucq MEP is the Socialists & Democrats spokesperson on taxation. Paul Tang MEP S&D is chair of European Parliament’s subcommittee on tax matters. Pedro Marques MEP is S&D vice-president responsible for social Europe.

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