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EU Nations Commit to Global Minimum Tax Despite Hungary Veto

  • Bloc’s large economies say they could use any legal means
  • EU inertia on 15% minimum levy has cast cloud over global deal
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A group of European Union countries is considering new ways of implementing a global deal for a 15% minimum tax on large multinationals in 2023 as Hungary continues to veto a joint solution for the bloc.

Finance ministers from five of the largest EU economies said at a meeting in Prague on Friday they will strengthen their commitment to the plan by working on alternatives that would exclude Budapest.