The European Union has failed to agree on how to implement the minimum tax on companies with global operations, as the concessions proposed by France have failed to win the support of some hesitant countries, according to Bloomberg.
At today’s meeting of finance ministers in Brussels (Ecofin), Poland, Sweden and Malta did not want to support a compromise, although other countries, such as Hungary, opposed it, the agency said.
Failure to reach the required unanimity is a blow to French President Emmanuel Macron, who has set a key goal for the six-month French presidency of the EU. the adoption of new regulations.
French Finance Minister Bruno Le Merre will seek new talks in the near future ahead of the next meeting of finance ministers in April.
“We are in the final stages of negotiations, which is always the most difficult step to take,” he said. “We will take another three weeks and I am sure we will reach an agreement on the next Ecofin,” he added.
The first concession is a five-year delay in the mandatory implementation of some of the regulations for countries that have few companies affected by the minimum tax. France also supported a proposal to delay the implementation of the European directive in national law until the end of 2023 at the latest. However, the Ministry of Finance did not manage to reach an agreement.
Source: Capital
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