The veto power of finance ministers was one of the main topics at a meeting of the Economic and Financial Affairs Council (ECOFIN) on February 11, when a number of smaller EU members came out in open opposition to the European Commission’s plan to limit the powers of individual governments who want to block EU reforms on tax matters.

EU countries with smaller populations have for years blocked efforts that could lead to the narrowing of certain loopholes used by tax dodgers within the Europ...

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