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Hungary Remains Publicly Opposed to Global Minimum Tax Ahead of ECOFIN Vote

05 December 2022

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Proposed Changes

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Hungary-European Union

As previously reported, the agenda for the 6 December 2022 meeting of the Economic and Financial Affairs Council (ECOFIN) includes a further vote to adopt the proposed directive on ensuring a global minimum level of taxation for multinational groups in the EU (the Pillar 2 global minimum tax). To date, Hungary remains the last holdout opposed to the global minimum tax, despite supporting the directive earlier. Heading into the 6 December meeting, Hungarian Prime Minister Viktor Orbán has said the government is still opposed to the global minimum tax. In his regular Friday morning radio address on 2 December 2022,...