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Europe Daily Bulletin No. 12974

18 June 2022
Contents Publication in full By article 8 / 26
ECONOMY - FINANCE - BUSINESS / Taxation
Faced with Hungarian veto on minimum taxation, Bruno Le Maire calls for an end to unanimity in tax matters
Brussels, 17/06/2022 (Agence Europe)

“If we were under qualified majority voting, we would have a new taxation system years ago”, concluded French Finance Minister Bruno Le Maire during the public debate of his last Ecofin Council as president on Friday 17 June.

This after the EU Council failed once again to reach agreement on the directive implementing Pillar II of the OECD agreement on international minimum taxation of companies. After Poland’s repeated refusal for several months, it was now Hungary’s turn to veto...

Contents

EXTERNAL ACTION
ENLARGEMENT: European Commission recommends candidate status for Ukraine and Moldova, but Georgia will have to wait
WTO: white smoke in Geneva on fisheries subsidies, intellectual property of Covid-19 vaccines, food safety and e-commerce
FOREIGN AFFAIRS: global repercussions of war in Ukraine, Egypt and Horn of Africa on agenda of EU ministers on Monday
HUMANITARIAN AID: back from Moldova, MEPs call on EU to focus on country’s medium- and long-term needs
INDIA: Valdis Dombrovskis and Piyush Goyal formally reopen EU-India trade negotiations
EU RESPONSE TO COVID-19
ECONOMY: EU Council adopts Polish recovery plan
HEALTH: EMA initiates ongoing evaluation of Pfizer-BioNTech SARS-CoV-2 vaccine tailored to one or more variants of concern
ECONOMY - FINANCE - BUSINESS
TAXATION: faced with Hungarian veto on minimum taxation, Bruno Le Maire calls for an end to unanimity in tax matters
TAXATION: European Commission does not intend to regulate tax professionals
BANKS: Eurogroup favours small steps to deepen banking union
ECONOMY: euro area inflation confirmed as 8.1% in May
SOCIAL AFFAIRS
SOCIAL/CLIMATE: French Presidency of EU Council submits its proposals to Member States in order to obtain an agreement on 28 June on Social Climate Fund
SECTORAL POLICIES
DIGITAL: Member States underline importance of NIS 2 Directive for cyber security of EU institutions, bodies and agencies
COHESION: European Commission seals partnership agreement with Sweden
ENERGY: EU must develop joint energy procurement platform into emergency tool, says Bruegel
INSTITUTIONAL
FUTURE OF EU: European Commission delivers its first analysis of recommendations of Conference on the Future of Europe
NEWS BRIEFS
INSURANCE: EU Member States agrees position on revision of ‘Solvency II’ Directive
ENERGY: REN21 report warns of stagnating share of renewables in global energy consumption
ENERGY: about 15 civil society organisations urge European Commission to guarantee principle of additionality for hydrogen
ENERGY/TRANSPORT: industry and NGO coalition calls on EU co-legislators to establish hydrogen quota for maritime transport
COMPANIES: BusinessEurope says war in Ukraine should not be an excuse to let public finances slip
COMPANIES: SMEunited and EESC Employers’ Group strengthen their cooperation
EUROGROUP: ministers adopt their work programme for 2nd half of 2022
FINANCE: EU Member States agree on their position on review of alternative investment fund rules
TAXATION: EU Council authorises opening of negotiations with Norway to extend cooperation agreement regarding recovery of VAT claims
MIGRATION: Member States asked on 27 June to commit to figures on solidarity mechanism for people rescued at sea