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Hungary committed to policy of tax cuts, Szijjártó says

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Introducing a global minimum tax would create challenges that Hungary's government, which is committed to a policy of tax cuts, "cannot ignore", Minister of Foreign Affairs and Trade Péter Szijjártó said in Madrid on Wednesday, after talks with U.S. Secretary of State Anthony Blinken, state news wire MTI reports.

peaking on the sidelines of the NATO summit, Szijjártó said low taxes on jobs and businesses boosted competitiveness, and Hungary has proven this ever since introducing the lowest corporate tax in the EU, breaking investment records year after year.

Tax increases would have "tragic consequences" in the very difficult situation the world and the European economy find themselves in, and would threaten tens of thousands of jobs in Hungary, he said.

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