Poland on Tuesday blocked a French-proposed compromise on how to implement a minimum corporate tax across the European Union in another blow to a global overhaul of international tax rules.
Register now for FREE unlimited access to Reuters.comFrance, which holds the EU's rotating six-month presidency, has pushed for a quick implementation of the deal in the 27-nation bloc, where tax issues require unanimous approval.
Poland was one of four countries to block an attempt last month to find a compromise, but Sweden, Estonia and Malta dropped their opposition after tweaks to the deal."It is not a legally binding solution for assuring that both pillar I and pillar II enter into force in a similar point in time," Polish revenue chief Magdalena Rzeczkowska told a meeting in Brussels.
French Finance Minister Bruno Le Maire said that he was "absolutely not convinced" by Poland's position, that Warsaw's concerns had been taken into account and other member states had also made concessions. Le Maire said that he would put the issue back on the agenda of the EU finance ministers' next monthly meeting.Reporting by Leigh Thomas; Editing by Alexander SmithSubscribe to our sustainability newsletter to make sense of the latest ESG trends affecting companies and governments.
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