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Europe Daily Bulletin No. 12977

23 June 2022
Contents Publication in full By article 15 / 28
ECONOMY - FINANCE - BUSINESS / Taxation
Hungarian Parliament rejects introduction of global minimum tax on companies in Hungary
Brussels, 22/06/2022 (Agence Europe)

The Hungarian Parliament rejected by a large majority the introduction of a global minimum tax in Hungary on Tuesday 21 June.

“We argue that every state should have the widest possible sovereignty over taxation”, Zoltán Kovács, Hungarian State Secretary for Communication and International Relations, said on Twitter.

This vote comes days after the Hungarian veto on minimum taxation at the Economic and Financial Affairs Council (see EUROPE B12974A8). Hungary has however signed the OECD...

Contents

EUROPEAN COUNCIL
ENLARGEMENT: European Council expected to grant Ukraine and Moldova EU candidate status and Georgia European perspective
WESTERN BALKANS: leaders want to recall EU’s commitment to region
FOOD SECURITY: EU leaders expected to call for intensified efforts to get grain out of Ukraine and point finger at Russia
EUROZONE: Charles Michel wants EU leaders to discuss macroeconomic situation “in depth”
BELARUS: European Council calls for human rights to be respected
TURKEY: European Council expected to call for Member States’ territorial integrity to be respected
FUTURE OF EU: short debate expected from EU leaders on follow-up to Conference on Future of Europe
EUROPEAN PARLIAMENT PLENARY
ENLARGEMENT: while supporting EU membership of Ukraine, Moldova and Georgia, MEPs call for Western Balkans not to be forgotten
FUTURE OF EU: Mr Plenković advocates granting Ukraine, Moldova - and also Bosnia and Herzegovina - candidate country status for EU membership
CLIMATE: after a first failed attempt, European Parliament adopts its position on revision of EU carbon market
CLIMATE/SOCIAL: European Parliament validates outline of Social Climate Fund
CLIMATE/TRADE: European Parliament votes in favour of implementation of Carbon Border Adjustment Mechanism from 2027
EXTERNAL ACTION
TRADE: ‘Sustainable Development’ chapter in EU free trade agreements, European Commission does not rule out option of sanctions in case of breach
ECONOMY - FINANCE - BUSINESS
COMPANIES: European Parliament/EU Council political agreement on corporate sustainability reporting
TAXATION: Hungarian Parliament rejects introduction of global minimum tax on companies in Hungary
SECTORAL POLICIES
FOOD SAFETY: European Commission presents strict rules aiming to reduce use of chemical pesticides by 2030
BIODIVERSITY: European Commission proposes binding targets to restore at least 20% of EU’s land and sea areas by 2030
FISHERIES: French Presidency of EU Council’s options for compromise on ‘Control’ Regulation
MIGRATION: asylum and migration, 21 EU and Schengen Associated States support solidarity declaration designed to relieve frontline countries
HOME AFFAIRS: Israeli company NSO defends its activities to MEPs after revelations about its Pegasus spyware
DIGITAL: high level of cybersecurity in EU, Member States discuss text of agreement with European Parliament
INTERNAL MARKET: EU Council about to adopt position on Machinery Regulation
ENERGY: Kadri Simson warns of potential energy shortages in EU next winter
COURT OF JUSTICE OF THE EU
STATE AID: EU General Court approves Finnish public aid for recapitalisation of airline Finnair
COMPETITION: EU General Court confirms prohibition of merger between Thyssenkrupp and Tata Steel
NEWS BRIEFS
FINANCE: European Commission adopts two equivalence decisions for Chinese and Israeli central counterparties
RESEARCH: 79 projects for green transport solutions will benefit from €437 million granted by CINEA
CORRIGENDUM
FUTURE OF EU: clarification of European Parliament’s request to convene a Convention to reform European treaties