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Germany Hails US Move On Corporate Tax As Great Step Forward

Germany Hails US Move On Corporate Tax As Great Step Forward 04/06/21 AT 7:12 AM German Finance Minister Olaf Scholz on Tuesday welcomed Washington s backing for a global minimum corporate tax, calling it a great step forward in the battle to stem the erosion of government revenues. The support of the USA gives this initiative a strong tailwind, Scholz told reporters, saying he hoped a deal could be reached this year. The optimism comes a day after US Treasury Secretary Janet Yellen said Washington was pushing in the G20 for a global minimum corporate tax, saying the world s interconnected economy had led to a 30-year race to the bottom on corporate tax rates.

Germany Hails US Move On Corporate Tax As great Step Forward

Germany hails US move on corporate tax as great step forward Tue 06th April 2021 | 04:10 PM Berlin, April 6 (UrduPoint / Pakistan Point News - 6th Apr, 2021 ) :German Finance Minister Olaf Scholz on Tuesday welcomed Washington s backing for a global minimum corporate tax, calling it a great step forward in the battle to stem the erosion of government revenues. The support of the USA gives this initiative a strong tailwind, Scholz told reporters, a day after US Treasury Secretary Janet Yellen said the US was pushing G20 countries to create a more level playing field in the taxation of multinational companies.

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