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Poland holds up EU deal on minimum corporate tax, aid for Ukraine

Poland was on Thursday holding up the European Union’s formal adoption of the minimum business tax with regard to large companies and, by extension, also blocking a whole package of other deals, including financing regarding Ukraine in 2023, diplomats said. The minimum tax, along with 18 billion euros ($19 billion)for Ukraine next year, the particular approval of Hungary’s recovery plan and the suspension of some EU budget funds intended for Budapest were all part of a complex deal reached by EUROPEAN UNION governments upon Monday night. The pact was to be signed off in what is called the “written procedure” by Wednesday, but Belgium has twice demanded an extension of the deadline for this, the latest of which is now 12: 00 p. m. (1100 GMT) on Thursday.

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