BRUSSELS, Dec 14 (Reuters) - Poland was on Thursday holding up the European Union's formal adoption of a minimum corporate tax for large companies and, by extension, also blocking a whole package of other deals, including financing for Ukraine in 2023, diplomats said.
The minimum tax, along with 18 billion euros ($19 billion)for Ukraine next year, the approval of Hungary's recovery plan and the suspension of some EU budget funds for Budapest were all part of a complex deal reached by EU governments on Monday night.
"It's the whole package that is held up over Polish issues with the global tax that no one understands," one EU diplomat said.
The minimum tax is to apply to companies with an annual turnover of at least 750 million euros and each EU country will have to adopt it into national law by the end of 2023.
Large firms will have to pay the minimum rate from the start of 2024.