Global corporate minimum taxes are formed

Global corporate minimum taxes are formed
Olaf Scholes

The federal finance minister talks about the turning point in the negotiations on the global minimum tax.


(Photo: dpa)

Berlin, Brussels Politics thrives on personal exchange – this is not possible in times of epidemics. Thursday time came again: Olaf Scholes boarded a flight to Lisbon to travel to the first personal meeting of Euro finance ministers.

But it was not just the business trip that put the federal finance minister in a good mood. The U.S. announced on Thursday evening that it would impose a planned global minimum tax rate of “at least 15 percent”.

“It’s really a turning point,” said Scholes in Lisbon. This is because it makes it more and more likely that the revolutionary global tax reform will actually be decided at the G20 finance ministers’ meeting in Venice in July. “We need an understanding. That will happen now, ”the vice chancellor said, adding that a deal would be a major victory in the election campaign.

U.S. corporations reduce tax burden

Read now

Get access to this and all other articles

4 weeks free on the web and on our app.

And more

Read now

Get access to this and all other articles

4 weeks free on the web and on our app.

And more

READ  US suspends Web tax, tariffs against six countries. There is also Italy
Written By
More from Jake Pearson

Discussions on the Kovid arrangements in December

Discussions continue over the weekend on what the Kovid-19 restrictions will look...
Read More

Leave a Reply

Your email address will not be published. Required fields are marked *