The Federal Minister of Finance speaks of a "great historical moment".
After all, 131 countries have approved the plans for a global tax reform.
Large digital corporations, among others, are affected.
Venice - According to Vice Chancellor Olaf Scholz (SPD), the finance ministers of the large industrial and trading countries have decided on a global tax reform with minimum taxes for large companies.
At the meeting with his G20 counterparts in Venice on Saturday, Scholz spoke of a “great historical moment”. "The G20 countries have now agreed that they want to agree a new order of international taxation," he said. At the end of the ministerial debate, there was applause from the scene.
At the working level, 131 countries around the world have already approved the plans. The minimum tax of 15 percent is intended to prevent companies from relocating their headquarters to low-tax countries and to prevent states from lowering their corporate taxes in competition with one another. In addition, international companies should not only pay taxes in their home countries in the future, but also where they do good business. This affects, among other things, large digital corporations, which up to now have often paid very little taxes overall. dpa