Germany Urges Global Minimum Tax for Digital Giants

German Finance Minister Olaf Scholz. Credit: Frank Schwichtenberg

(From AFP)

“We need a minumum tax rate valid globally which no state can get out of (applying),” [German Finance Minister Olaf] Scholz, a social democrat in conservative Chancellor Angela Merkel’s coalition government, told the “Welt am Sonntag” weekly.

Europe is trying to devise a strategy to tax profits from the likes of Google, Amazon, Facebook, Apple and digital platforms such as YouTube and Airbnb which currently manage to keep fiscal exposure to a bare minimum.

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