EU Nations Commit to Global Minimum Tax Despite Hungary Veto (1)

A group of European Union countries is considering new ways of implementing a global deal for a 15% minimum tax on large multinationals in 2023 as Hungary continues to veto a joint solution for the bloc.

Finance ministers from five of the largest EU economies said at a meeting in Prague on Friday they will strengthen their commitment to the plan by working on alternatives that would exclude Budapest.

“Should unanimity not be reached in the next weeks, our governments are fully determined to follow through on our commitment,” Germany, France, Italy, Spain and the Netherlands said in a statement. ...