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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessFrench FM: Hungary Blocks EU Min Corp Tax Directive
Jorge Valero at Bloomberg tweets comments from French Finance Minister Bruno Le Maire following Hungary's block of an EU directive seeking to impose a minimum rate of corporation tax across the bloc in line with OECD proposals.
- "Le Maire: "I am never sad, I never give up". He will give his best to convince all member states to adopt minimum tax proposal today. It’s a question of fairness, he says. But Hungary says it will block EU directive to implement global tax deal, killing French presidency goal"
- "Le Maire> Until the end of 2023, inflation will be the key challenge for all of us"
- "Poland thanks all efforts made by French presidency to accommodate their concerns (Pillar 1 shouldn’t be unaddressed).Warsaw makes clear it will support compromise text and thanks Bruno Le Maire for finding such a "good solution".And now Hungary opposes as expected-says MS "should pay attention to consequences of the war". Under such circumstances introducing minimum tax will cause "serious damage" to EU economy & HUN parliament voiced concerns about introducing it in such an early stage, plus Pillar 1 delayed."
- "Bruno Le Maire: HUN had given its agreement to Pillar 2, will help EU econ & made a lot of progress over past few months-“It’s historic vs tax dumping”.Le Maire thanks Poland for "constructive attitude."Poland-Hungary schism continues to grow & EU/MS making all possible to widen it"
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.