Reported 5 months ago
German Finance Minister Christian Lindner stated that implementing the global minimum tax deal's second pillar is Germany's priority, with a focus on the first pillar until an agreement is reached. The first pillar involves reallocating taxing rights on around $200 billion of corporate profits to countries where companies operate, particularly targeting U.S.-based digital giants. While negotiations on the first pillar are ongoing, countries are moving forward with implementing the second pillar to ensure companies with revenue over 750 million euros pay a global minimum rate of 15%. Lindner expressed skepticism about introducing new components to the global tax agenda, emphasizing the need to concentrate on existing work to avoid diluting progress.
Source: YAHOO