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

[Marzio]

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).

https://taxsummaries.pwc.com/hungary/corporate/tax-credits-and-incentives

 

[Martin Everson]

Maybe.

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

https://euobserver.com/rule-of-law/156556

 

[miketrnd]

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



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

 

[RealDude]

Pack your bags and run

 

[marioIT]

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.