Global Tax Reform is a Significant Step Towards Tax Justice

Friday, 09-July-2021 17:59

German Finance Minister Olaf Scholz
Image : ANTARA/REUTERS/Michele Tantussi/Pool/hp/cfo
German Finance Minister Olaf Scholz

BERLIN, NETRALNEWS.COM - The planned global minimum corporate tax deal is a big step forward for tax justice, German Finance Minister Olaf Scholz said on Friday (07/09/2021).

It is not necessary for all countries to join the deal, Scholz said in an interview with German radio ARD.

He made the remarks before heading to a meeting of finance ministers and central bank governors from G20 member countries in Venice, Italy, as reported by Reuters.

"We don't depend on all countries to join," he said.

The German finance minister is optimistic that European Union member countries will reach a global agreement on a minimum corporate income tax plan.

The proposed new rules on where and how many companies are taxed last week were backed by the 130 member states of the Paris-based Organization for Economic Cooperation and Development (OECD).

EU member states Ireland, Estonia, and Hungary are among the countries that have not signed the agreement.

"I am sure that in the end, we will reach a common decision in the European Union," Olaf Scholz told radio channel DLF before heading to the G20 finance ministers and central bank governors meeting in Venice, as reported by Antara.

Reporter : turkhan
Editor : turkhan