Hungary stands to lose from Joe Biden's global tax plan
It is quite conceivable Nemzet in an interview.
Biden's administration already plans a domestic tax increase, which is supposed to help fund the US financial package to fight the epidemic and stimulate the economy. Under the plan, the corporate income tax would be raised from 21 to 28 percent, but there are fears that this move could theoretically prompt companies to leave the US or structure their companies in order to avoid paying taxes, including moving parts of their business to lower tax countries. In order to counter this possibility, Biden's administration is looking to implement a global tax policy.
