Home Business German, French ministers again U.S. on 21% minimal company tax fee -Zeit...

German, French ministers again U.S. on 21% minimal company tax fee -Zeit By Reuters

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© Reuters. FILE PHOTO: Launching of the 2020 revenue tax marketing campaign in France

BERLIN (Reuters) -The finance ministers of France and Germany help the thought of a 21% minimal company tax fee, as prompt by the U.S. authorities, they mentioned in a joint interview in Zeit On-line on Tuesday.

“I, personally, don’t have anything towards the U.S. proposal,” Germany’s Olaf Scholz was quoted as saying. “If that’s the results of negotiations, we’d even be agreed,” France’s Bruno Le Maire mentioned, in response to Zeit.

U.S. Treasury Secretary Janet Yellen mentioned this month she was working with G20 international locations to agree on a worldwide company minimal tax fee, and put ahead a determine of 21%.

A fee of 12.5% for multinationals had been underneath dialogue for brand spanking new guidelines being negotiated on the Organisation for Financial Cooperation and Growth.

Scholz and Le Maire are holding talks on Tuesday and, amongst different points, are resulting from talk about tapping cash from the European Restoration Fund.

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