“Global corporate minimum tax rate of 15% is very realistic,” Germany’s Finance Minister Olaf Scholz said in a statement on Friday.
Additional quotes
“Expect to have minimum global corporate tax rate in summer.”
“Suggestion of global minimum corporate tax rate of 15% is big progress.”
“Global corporate minimum tax rate of 15% is very realistic.”
Separately, French Finance Minister Bruno Le Maire said that the latest US proposal on global minimum taxation could be a basis for compromise.
He added that “we need an agreement on global tax reform at beginning of July.”
Market reaction
EUR/USD was last seen trading at 1.2220, bouncing off daily lows of 1.2210 on upbeat Eurozone PMIs.
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