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European Parliament Adopts Resolution Denouncing National Vetoes to Undermine Global Tax Deal

|Approved Changes|European Union
European Union

The European Parliament has announced the adoption of a resolution on 6 July 2022 denouncing national vetoes to undermine the global tax deal.

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As Hungary blocks global tax deal, MEPs denounce national vetoes

  • Hungary's demands unfounded; Commission and member states must not give in to blackmail
  • Global and EU tax rules not fit for modern-day economy, favouring tax avoidance and hurting SMEs
  • Unanimity voting requires responsibility and reducing its use must be considered

MEPs critic…

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