EU Stumbles in Effort for Quick Adoption of Global Minimum Tax
- French concessions fail to convince Poland, Sweden, Malta
- Deal still possible in April, France’s Bruno Le Maire says
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The European Union failed to quickly agree on how to implement a global minimum tax for corporations after concessions proposed by France failed to win over reluctant countries.
At a meeting of finance ministers in Brussels on Tuesday, Poland, Sweden and Malta still declined to support a compromise, even as holdouts including Hungary dropped their opposition.