Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Hungary’s Tax Veto Revives EU Qualified Majority Voting Debate

June 23, 2022, 1:27 PM

EU lawmakers are split on the merits of an overhaul of the bloc’s voting system that would allow the approval of tax measures without unanimous backing from the EU’s 27 countries.

The unanimity requirement should be replaced by qualified majority voting to speed up decision making, and to prevent single countries from holding back the rest, some European Parliament members said Thursday.

A change in the voting system has been long discussed at the EU level, but it gained new attention after Hungary last week blocked the EU’s adoption of rules implementing a globally agreed minimum tax for large companies. ...