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EU fails to agree corporate tax reform as Hungary vetoes overhaul

Summary by Ground News
An EU agreement had been expected on Friday after Poland dropped its opposition to setting a minimum corporate tax of 15%. Hungary emerged as a last-minute hurdle and prevented a deal that requires the backing of all 27 EU states. Hungary's foreign minister said it was 'very dangerous' to be increasing the tax burden on European manufacturers. French Finance Minister Bruno Le Maire urged ministers to continue the work to strike a deal at a later stage.

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EU Observer broke the news in Brussel, Belgium on Friday, June 17, 2022.
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