Prime Minister Viktor Orban told Hungarian public radio on December 2 that Budapest continues to be against a global minimum corporate tax rate, arguing it would reduce the number of jobs in Hungary, which has used its low-tax regime to attract investment. Hungary's 9 percent corporate tax rate and government subsidies have brought major investments by German carmakers and Asian battery manufacturers. "This is a job-killing tax hike, which, if implemented with Hungary's approval, would wipe out tens of thousands of jobs," Orban said. To listen to Orban's interview with Radio Kossuth, click here.
Orban Says Hungary Opposes Global Minimum Corporate Tax
Hungarian Prime Minister Viktor Orban addresses workers at the car-manufacturing plant of Audi Hungaria Kft., an affiliate of German carmaker Audi AG, in Gyor, Hungary, in 2020.