Plans for the introduction of minimum corporate tax with which the “big seven” is absurd and will lead to a reduction in investment in the EU countries. This was stated by Prime Minister Hungary Victor Orban, writes Bloomberg.
“I find an absurd situation in which any world organization tells us which taxes should or should not be in Hungary,” said the head of the Hungarian government at the conference in Budapest.
Orban pointed out that the low level of corporate tax in Hungary attracted real investments into the country. The implementation of any initiative to standardize corporate taxation will take years, considers the prime minister, however, Hungary, he said, should be played with its own plan, which will attract investment in the country with any development of events.
Criticism of Orbana is aimed at the plan “Big Seven” to change the taxation system of international corporations by introducing a minimum rate of 15 percent and obligs the company to pay taxes in countries where they are selling.
The plan has already encountered a criticism from the specialists who found serious omissions in it and calculated that in the case of the implementation of the plan of the budget income, Britain will lose.