• Home
• Channel: Finance
• Hungarian Opposition Calls For EU Tax On Multinationals

Hungarian Opposition Calls For EU Tax On Multinationals

• 28 Mar 2019 7:08 AM
• Hungary Matters

The opposition Democratic Coalition is calling for the European Union to introduce a tax on multinational companies.

Klára Dobrev, who heads the party list for the European Parliament election, said, commenting on an EP report approved on Tuesday which showed that seven European Union countries, including Hungary, were operating as tax havens, enabling aggressive tax planning by corporations.

Multinationals make use of the environment the government has developed and they pay an insignificant amount of tax, Dobrev said.

Instead of serving the interests of Hungarians and the country, the government is aiding multinationals in a completely unprincipled manner, she added.

This is why a United States of Europe is needed, so that EU countries can act together on this issue, Dobrev said.

In response to a question, she said when any country introduces very low corporate tax, it harms EU taxpayers. Minimising tax often means avoiding tax, she added.

Related links

EP Committee Finds Hungary Shows Traits Of Tax Haven

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Tax Havens Tax Opposition DK Democratic Coalition Dobrev Multinational Companies

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Brutal Wealth Flow from Hungary to Offshore Accounts

• 8 Aug 2023 1:37 PM

All over the world, tax havens are causing massive losses to countries' budgets. The tax avoidance practices of corporations are costing USD hundreds of billions in lost revenue, but the flight of individuals' offshore assets is also causing massive losses.



Despite Vetoing it Hungary Takes Step Toward Global Minimum Tax

• 12 May 2023 10:35 AM

Prime Minister Viktor Orbán has authorised the signing of an agreement required for the adoption of a global minimum tax regime previously vetoed by the Hungarian government, Portfolio reports, citing a new decree.



Hungary Should Not Remain Tax Haven, Says LMP

• 17 Dec 2022 5:16 AM

Now that Hungary has been exempted from applying the global minimum tax, the country will remain a tax haven, the opposition LMP party said.