Money Scholz and Le Maire support minimum taxes for minimum taxes

15:55  27 april  2021
15:55  27 april  2021 Source:   dw.com

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The Minister of Finance Germany and France support the US proposal for a global minimum company for companies. Both expect a breakthrough for an international tax reform for the summer.

Olaf Scholz (l.) und Bruno Le Maire, hier bei einem Treffen im Sommer 2018 © Getty Images / AFP / J. MacDougall Olaf Scholz (l.) And Bruno Le Maire, here at a meeting in the summer of 2018

Germany and France, the worldwide minimum tax rate brought by the US Government would take 21 percent for companies.

"Personally, I would not have to obey the US proposal," said Federal Finance Minister Olaf Scholz in a conversation published on Tuesday with Time Online and the French Zeitung Le Figaro .

"If this should be the result of the negotiations, we would agree with it," added his office colleague Bruno Le Maire, which is responsible for the departments of the economy and finance in France.

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hope for international tax reform

Both ministers were confident that this summer could lead to an understanding in the debate about an reform of international taxation . This is led within the framework of the industrialized organization OECD. The aim is a fairer taxation of large corporations, especially the digital company.

Le Mair announced that in such a case, the already adopted French digital tax cancel again. "As soon as there will be an international agreement to both digital tax as well as for minimum taxation, we will retreat our national digital tax," he said. In the event that there is no agreement on an international level, "we will retain you".

US-Finanzministerin Janet Yellen hatte die Debatte über einen weltweiten Mindeststeuersatz im April belebt © Joshua Roberts / Reuters US Finance Minister Janet Yellen had revived the debate on a worldwide minimum tax rate in April

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The USA had recently recently recruited a worldwide minimum taxation of companies. Minister of Finance Janet Yellen said in early April in a speech that globalization has led to a 30-year race for lower corporate taxes. States need "stable control systems" to achieve sufficient revenue in order to invest in important public goods and react to crises.

Dangers of a minimum tax for poorer countries

The economic Volker Wieland basically considers it makes sense to coordinate principles of international taxation and implement uniformly. "Thus, harmful behavior for tax avoidance can be effectively limited by extreme profit relocations," he said the news agency Reuters. One possibility would, instead of taxing the place of consumption of consumption, to assure a destination principle.

"Minimum controls, but in particular such high sentences, would unnecessarily restrict an economically meaningful tax competition ," Wieland warned at the same time.

global minimum tax rates are "also directed against weaker and smaller countries, which often have lower corporate tax rates and have long since not caught economically to the leading industrialized countries". These would lose the opportunity to settle on control incentives industry.

It is in German and European interest when people find work in developing and emerging countries, rather than trying to migrate illegally in industrialized countries. "In addition, corporate tax rates are under 21 percent an instrument," said Wieland.

Bea / HB (Reuters, AFP)

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