US Treasury to end 1979 treaty with global minimum tax holdout Hungary
- 08-Jul-2022
WASHINGTON: The US Treasury has said it was moving to terminate a 1979 tax treaty with Hungary in the wake of Budapest’s decision to block the European Union’s (EU) implementation of a new, 15% global minimum tax. A Treasury spokesperson said that since Hungary lowered its corporate tax rate to 9% – less than half […]