A global deal to introduce a minimum tax rate on company profits hit a fresh roadblock after Hungary vetoed an EU agreement to implement the measure, which is also stalled in the U.S.
A global deal to introduce a minimum tax rate on company profits hit a fresh roadblock Friday after Hungary vetoed a European Union agreement to implement the measure, which is also stalled in the U.S.agreed by 137 countries
in 2021, paving the way for the most significant overhaul of international tax rules in a century. Governments had hoped to implement the changes next year, but mounting opposition in Europe and the U.S. means that target now seems out of reach.
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