Szijjártó told Kossuth Rádió that the global minimum corporate tax would put jobs at risk around the world, while producing companies would raise prices as their tax burden increases, creating further inflationary pressure.
The plan to roll out the global minimum corporate tax in Europe from next year, as the rest of the world sits back and watches, would put European companies at a competitive disadvantage, he said.
Hungary's talks with the United States at the ministerial level on the global minimum corporate tax were "fair and square", he said, but Hungary's government made it clear that it could not support the introduction of the tax.
He added that the U.S. Republicans and the Hungarian government agree that the smaller the tax on labor, the bigger the opportunities for economic growth.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
