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Hungary continues to oppose the imposition of a global minimum corporate tax, Prime Minister Viktor Orbán said

Viktor Orbán (in Hungarian: Orbán Viktor) is the current Prime Minister of Hungary, in front of the national radio, Reuters reported, quoted by BTA.

He expressed fears that such a step would lead to job losses in the country.

The idea of ​​a global minimum corporate tax is the second of two pillars of a deal agreed last year by 140 countries to rewrite the rules of cross-border taxation.

The aim of the initiative is to bring under control the way in which large Internet companies report their profits and pay taxes.

Orbán promised Hungary to ratify the accession of Finland and Sweden to NATO

Thanks to its low corporate rate of 9 percent and generous government subsidies, Hungary has attracted major investment from German automakers and Asian battery makers.

"This is a tax increase that, if implemented in Hungary, will kill tens of thousands of jobs," Orbán said.

"This tax case is not global, it falls under national jurisdiction".

Orbán also pointed out that the Hungarian economy has been greatly affected by the war in Ukraine, but despite this, it can achieve growth of 1.5 percent next year.

At the same time, the government will continue to support households to overcome the severe energy crisis.

Viktor Orban

minimum corporate tax