Germany urges global minimum tax for digital giants


  • TECH
  • Monday, 22 Oct 2018

FILE - This July 19, 2016 file photo shows the Google logo at the company's headquarters in Mountain View, Calif. Google says it will start charging smartphone makers to pre-install apps like Gmail, YouTube and Google Maps on Android handsets sold in Europe, in response to a record $5 billion EU antitrust fine. The U.S. tech giant’s announcement Tuesday, Oct. 16, 2018 is a change from its previous business model, in which it let phone makers install its suite of popular mobile apps for free on phones running its Android operating system. (AP Photo/Marcio Jose Sanchez, File)

FRANKFURT AM MAIN: German Finance Minister Olaf Scholz said in an interview for publication on Oct 21 he backed a global minimum fiscal regime for multinationals as Europe looks to levy tax notably on US tech giants. 

“We need a minimum tax rate valid globally which no state can get out of (applying),” Scholz, a social democrat in conservative Chancellor Angela Merkel’s coalition government, told the Welt am Sonntag weekly. 

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