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EU Clashes With Hungary Over Implementing Global Minimum Tax

  • Hungary opposes plans just as unanimous backing seemed assured
  • France’s Le Maire says he’ll fight to ‘final seconds’ for deal
Gergely Gulyas

Gergely Gulyas

Photographer: Attila Kisbenedik/AFP/Getty Images

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French Finance Minister Bruno Le Maire said he is determined to get a European Union agreement on a global corporate minimum tax, setting up a clash with Hungary at a meeting of officials in Luxembourg on Friday. 

Disagreements over how to implement the levy have dogged France’s six month presidency of the EU that concludes at the end of June. Until Hungary reinstated its opposition in recent days, agreement had appeared close after Poland, the sole remaining holdout, indicated it could give its green light after winning some concessions on the wording of the directive.