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All G20 members on board with tax deal - Germany's Scholz

Stock MarketsJul 10, 2021 05:05AM ET

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All G20 members on board with tax deal - Germany's Scholz

© Reuters. FILE PHOTO: German Finance Minister Olaf Scholz of the Social Democratic Party (SPD) attends a television debate in Berlin, Germany, June 26, 2021. REUTERS/Christian Mang/Pool

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VENICE (Reuters) - The G20 has made big progress on reforming business tax, with every member of the club of large economies backing a deal to stop multinationals shifting profits to low-tax havens, German Finance Minister Olaf Scholz said on Saturday.

"Today, we see that all the countries that are coming together here will support this international process in finding a way to a minimum taxation," Scholz told reporters at a meeting of G20 finance ministers in Venice.

Asked about plans for a European Union digital levy, Scholz said a global solution is what was needed.

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Comments (5)

Martin Lewis Jul 10, 2021 1:47PM ET

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So crazy that we live in a world that voluntarily elects people who collude to raise tax, rather than working together to lower taxes. Cultural marxism is nothing but a means to generate a slave class that cannot escape government oppression and poverty.

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Martin Lewis Jul 10, 2021 1:47PM ET

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"elects"...i should have put that in quotes

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SniperSam Jul 10, 2021 1:47PM ET

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Thanks for all your great comments Martin. The Lleftists have won and will enslave us all, it's so sad!

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Martin Lewis Jul 10, 2021 1:43PM ET

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Yay! Let's all celebrate multi-national globalist government collusion to raise prices of goods and funnel more taxpayer month through the government!

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Martin Lewis Jul 10, 2021 1:43PM ET

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*money

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Alex Malmstrom Jul 10, 2021 7:15AM ET

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Yeah, this won't actually play out, as they say, just another political topic to keep people voting for these superfluous leaches.

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PurPl Cello Jul 10, 2021 6:11AM ET

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f. ck scholz

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Marco Loureiro Silva Jul 10, 2021 5:36AM ET

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Taxation is thief!

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