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Hungary Sees ‘Breakthrough’ in Global Minimum Tax Negotiations

Oct. 8, 2021, 10:50 AM

Hungary, one of the last holdouts in global talks to introduce a worldwide minimum corporate tax, said it had managed to win concessions that may open the way for it to back a compromise deal, Finance Minister Mihaly Varga said.

  • Concessions include a 10-year transition period until the minimum tax takes effect and also the possibility for companies to partially deduct some costs such as payroll
  • NOTE from Oct. 6: U.S., OECD Say They Are Quietly Optimistic on Global Tax Deal

To contact the reporter on this story:
Veronika Gulyas in Budapest at vgulyas@bloomberg.net

To contact the editors responsible for ...