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France Says EU Can Implement Global Minimum Tax Without Hungary

June 30, 2022, 8:48 AM

French Finance Minister Bruno Le Maire said the European Union can deliver the global minimum corporate tax with or without the support of Hungary, circumventing Budapest’s veto earlier this month just as the bloc was on the brink of a agreement.

“This global minimum tax will be implemented in coming months with or without the consent of Hungary,” Le Maire told journalists at a briefing in Paris. “Europe can no longer be held hostage by the ill will of some of its members.”

The EU’s inertia in getting the unanimous backing for the minimum levy has cast a shadow over ...