EU: Five major countries, including France, ready for a minimum CIT rate even without unanimity

PARIS, Sept 9 (Reuters) – France, Germany, Italy, Spain and the Netherlands announced on Friday they would implement the global corporate tax (CIT) rate floor l next year by “all possible means”, in case Hungary does not lift its veto which blocks a common decision at the level of the European Union (EU).

“If we do not achieve unanimity in the coming weeks, our governments are fully determined to follow through on our commitment,” the five countries’ finance ministers said in a joint statement. (Report Leigh Thomas, French version Myriam Rivet, edited by Bertrand Boucey)