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