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Orbán called the concept of the global minimum corporate tax a “job killing tax hike”, and said the government refused to approve its introduction in Hungary. Tens of thousands of jobs would be lost in the country if the global minimum tax were to be introduced, he said. “We cannot afford it,” he said, adding that “the tax issue is not a global one, it falls under national jurisdiction”.
Every country must decide for itself what tax system it applies, he said. The reason voters like democracy is precisely that they get to pick a government which promises a certain tax policy, he added. “If we were to give this up, we would give up the Hungarian people’s right to decide an important element of Hungary’s economic policy: tax policy,” he said. “As a result, we do not think the global minimum tax is a good idea either for jobs or for democracy and we therefore do not approve its introduction in Hungary,” he added.