Hungary s Orban Says Global Minimum Tax Plan Absurd
June 09, 2021 15:30 GMT
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Hungarian Prime Minister Viktor Orban has criticized a proposed global minimum corporate tax, calling it absurd and warning that his government would need to consider contingency plans if the concept is adopted.
Foreign ministers from the Group of Seven (G7) on June 5 pledged to commit to a global minimum corporate tax of at least 15 percent, rallying behind a U.S.-backed plan.
The landmark move is aimed at getting multinationals especially tech giants such as Google, Facebook, and Amazon to pay more into pandemic-hit government budgets.
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