BRUSSELS, Belgium: Hungary has blocked a global agreement to introduce a minimum corporate tax rate previously proposed by the Organization for Economic Co-operation and Development (OECD).
Budapest’s move to oppose the proposal, which is supported by more than 100 countries, could potentially force EU finance ministers to postpone a vote scheduled to be included in EU law.
One of the diplomats added that after Poland put down its opposition to the agreement, Hungary appeared as an obstacle at the last minute, while another diplomat said that an agreement was now unlikely, but a public debate on the tax was still on the agenda of EU finance ministers. upcoming meeting.
Hungary and Poland have been in conflict with the European Commission, which has delayed the release of covid-19 recyclers due to concerns about their positions on various EU values, such as the rule of law.
While the Commission approved funds for Poland two weeks ago, on the condition that the country’s government reforms its judiciary, money for the Hungary Recovery Fund has not been approved.