France, Germany, the Netherlands, Spain and Italy said they would press on with a 15% minimum tax on large companies as soon as next year, despite a veto by Hungary on the plan
said France, Germany, the Netherlands, Italy and Spain had agreed to press ahead with the tax.
Mr. Le Maire said France and its partners were weighing two options. One would be to trigger a special EU procedure called enhanced cooperation, which allows an initiative to go ahead when it has the support of at least nine countries, while those opposed can sit the measure out. Alternatively, the five countries and any who wished to join them would go it alone and coordinate the implementation of the tax through domestic legislation.
Hungary’s stance has been a source of frustration for the big European nations that are the most enthusiastic supporters of the new tax. It is also the latest example of Hungary standing in the way of EU decisions.
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