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Free AccessMNI: France Aims For Climate Change, Tax Avoidance In EuCo Txt
-- Climate Change Text Will Be Added To Final Communique
-- Tax Avoidance Item Seems To Be More Problematic
By Jean Comte
BRUSSELS (MNI) - France is looking to add two paragraphs to the official
communique that will be adopted by the 28 European Union heads of government at
the European Council summit in Brussels Thursday, two diplomatic sources told
MNI.
The current draft text, prepared earlier in the week by diplomatic
delegations, focuses mainly on defence, culture and social issues. However,
last-minute additions are theoretically possible until the official adoption of
the text, scheduled for after leaders' dinner.
One source said that the climate change item would make it to the final
draft text, but that the tax avoidance paragraph was still being discussed.
The fight against climate change is not divisive in the EU, whereas tax
issues are extremely sensitive. France usually pushes for strong action against
tax avoidance, with Ireland, Malta and Luxembourg much more reluctant to take a
stance.
During the last meeting of heads of government, back in October, France
pushed to insert a sentence on the need to make digital companies pay tax in
Europe. However, the final text was watered down by Luxembourg, Malta and
Ireland.
A spokesperson for the French delegation declined to comment.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$E$$$,MC$$$$,MI$$$$]
To read the full story
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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.