Hungarian parliament rejects ‘political pressure’ in statement

Hungary’s parliament adopted a political statement on Tuesday, rejecting “political pressures contrary to Hungary’s economic interests”, referring to a European Parliament resolution calling on the country to stop blocking a comprehensive minimum corporate tax deal. at the European Council.

The reasoning of the statement said that the EP resolution, adopted on July 6, called on Hungary to “immediately end its blockage”, and regretted that “a Member State could hinder the implementation of such a historic agreement “. The resolution also urges the Commission and member states “not to engage in political negotiations” and to “refrain from endorsing Hungary’s National Recovery and Resilience Plan unless all criteria are met. fully respected”.

Parliament’s statement said the resolution was based “on a deliberate misinterpretation of the institution of unanimous decision-making, a questioning of the culture of consensus and thinly disguised threats”. Parliament felt the need to clearly state its position on political pressure against the protection of Hungary’s economic interests, according to the reasoning.

The EP unanimously approved a global minimum tax of 15% on large companies operating within the EU last October. Hungary vetoed the measure earlier this year, saying the tax in its current form would be a competitive disadvantage for the EU and the Hungarian economy.

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Source: MTI

Laura T. Thrasher