French 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"