U.S. to terminate treaty with Hungary over resistance to global minimum tax

[Marzio]

The treaty makes it sound as if it's the other way around

Are we still talking about Hungary? If yes there's a foreign tax credit up to the Hungarian tax payable on the creditable income (at a maximum of 90% of income tax paid abroad).

Hungary - Corporate - Tax credits and incentives

Detailed description of corporate tax credits and incentives in Hungary

taxsummaries.pwc.com

 

[Martin Everson]

How to blame him?

Maybe.

When the EU found the political will to act on rule of law​

[Analysis] When the EU found the political will to act on rule of law

In 2012, it was against Orbán's Hungary that the EU first proposed to suspend cohesion funds under strengthened budgetary rules, after Budapest failed to step up efforts to end the country's excessive government deficit. Then Orbán toed the line.

euobserver.com

 

[miketrnd]

Well looks like it's official. The double tax treaty is done. Starting 2024.

https://www.reddit.com/r/hungary/comments/11356b7

 

[RealDude]

Well looks like it's official. The double tax treaty is done. Starting 2024.

https://www.reddit.com/r/hungary/comments/11356b7

Pack your bags and run

 

[marioIT]

Pack your bags and run

I mean one has to evaluate all economic charts about the place before doing such a move. Some aren't that bad:

 

[miketrnd]

well it's a corrupt pos state like Russia but the tax rates were good for traders.