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

Marzio · Dec 28, 2022

miketrnd said:
The treaty makes it sound as if it's the other way around

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 · Dec 28, 2022

marzio said:
How to blame him?

Maybe.

miketrnd · Feb 15, 2023

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

RealDude · Feb 16, 2023

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

Pack your bags and run

marioIT · Feb 16, 2023

RealDude said:
Pack your bags and run

I mean one has to evaluate all economic charts about the place before doing such a move. Some aren't that bad:

miketrnd · Feb 16, 2023

well it's a corrupt pos state like Russia but the tax rates were good for traders.

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