Germany’s Finance Minister Olaf Scholz has proposed a global minimum rate of corporation tax coupled with tough measures to prevent tax evaders

via thisismoney.co.uk:

BERLIN, Oct 21 (Reuters) – Germany’s Finance Minister Olaf Scholz has proposed a global minimum rate of corporation tax coupled with tougher measures to prevent tax evaders from stashing their profits in tax havens, newspaper Welt am Sonntag reported.

In a guest article for the Sunday paper, extracts from which were made available on Saturday, Scholz fleshed out proposals that he was considering jointly with France to make it harder for international firms to evade tax.

Both countries are seeking ways to ensure that firms like Amazon, Apple and Google pay domestic taxes in proportion to the profits they earn in Europe’s largest markets, though attempts to harmonise tax rates across the European Union have met stiff resistance from lower-tax members like Ireland.

 

h/t Cartel

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