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

Published 07/10/2021, 04:31 AM
Updated 07/10/2021, 05:05 AM
© 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.

Latest comments

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.
"elects"...i should have put that in quotes
Thanks for all your great comments Martin. The Lleftists have won and will enslave us all, it's so sad!
Yay! Let's all celebrate multi-national globalist government collusion to raise prices of goods and funnel more taxpayer month through the government!
*money
Yeah, this won't actually play out, as they say, just another political topic to keep people voting for these superfluous leaches.
f. ck scholz
Taxation is thief!
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