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Hungary Threatens to Upset EU Approval of Global Tax Deal (1)

June 16, 2022, 3:26 PM

Hungary threatened to stall the European Union’s efforts to agree on a global minimum tax, just as the bloc was on the verge of a breakthrough after negotiating tweaks to get Poland’s backing.

Hungary told EU ambassadors on Wednesday it is no longer in a position to back a compromise deal due to changed economic conditions, including the war in Ukraine, according to people with knowledge of the matter. The country has requested the item be removed from the agenda of a meeting on Friday in Luxembourg that was expected to give a green light to the plans.

“Europe is ...