The “exchange” on the green light too recovery plan of Poland, which had prevented the agreement in April, was not enough. This time theHungary by Viktor Orban, whose funds remain clogged. Budapest placed the objection. Result: The European Union failed again in its attempt to admit the already weakened EU Minimum tax for multinational companies. The French Economy Minister Bruno Le Maire keep bragging optimism on the possibility of reaching an agreement by the end of the month in which his country’s presidency ends. But despite the proposed further compromises downwards, we are now at third rejection Ecofin and since then a year has passed G7 who triumphantly dismissed the agreement of arate of 15% – very little compared to what each worker pays – and on the redistribution of the “right to tax” part of the profits among all countries in which a multinational company operates.
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Hungarian Finance Minister Michael Vargahe justified the no by saying that at this point in time with “the grave War The “undergoing and consequent economic shocks in Europe, together with the bottlenecks in global supply chains”, would require the introduction of a global minimum tax a heavy damage for the EU economy”. After the last Choose Hungary, he added, is “increasing in the national parliament critical voices against this agreement”. Le Maire confirmed that according to the assessments from Brussels, the guideline is leading advantages for the entire economy of the continent and all technical obstacles to unanimous adoption have been removed. Not only that: Budapest also spoke out in favor of the OECD agreement after the outbreak of war in Ukraine, he recalled. But in the middle were the urns that Orban saw confirmed with a large majority and strengthened in its sovereign positions and open opposition to the Union.
The veto has once again become a blackmail weapon to get something in return. It is clear that the minimum tax per se has little to do with this. Two months ago, Paris actually made a proposal Postponed to the end of 2023 the entry into force of the “first pillar” of the agreement, which concerns the redistribution of tax law. And he had also agreed that countries with no more than 10 parent companies – those who have to pay the difference between 15% and the national rate – could wait until 2025.
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