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

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.

"We need a worldwide minimum tax level that no state may go below," Scholz said in the article, adding that any such rules would need to be accompanied by measures to make it harder to move money into tax havens.

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Last Edited by Cartel™ on 10/21/2018 12:09 AM