US–Hungary Relations Already Healing as New Double Taxation Treaty Looms

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https://www.hungarianconservative.com/articles/current/double-taxation-us-hunga…

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Hungarian Conservative is a bimonthly magazine covering "contemporary political, philosophical and cultural issues from a conservative perspective." In addition to its website, it is available in print in Hungary, as well as some Western European countries, the United Kingdom, Canada, and Australia.

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The first week of Donald Trump’s presidency has already marked the beginning of efforts to restore Hungary–US relations, which had reached a low point under the Biden administration, particularly during the tenure of former US Ambassador to Hungary David Pressman. Last Thursday, Hungarian Prime Minister Viktor Orbán instructed his ministers of national economy and foreign affairs and trade to prepare an agreement aimed at reinstating the double taxation treaty between Hungary and the United States, which was terminated two years ago.

‘The agreement between the government of Hungary and the government of the United States of America on the avoidance and prevention of double taxation in the field of income taxes’ should be concluded, according to the Hungarian Official Gazette, which publishes the official text of newly issued or amended legislation.