Germany and France meet 2023 tax reform deadline By Reuters

© . FILE PHOTO: The Frankfurt skyline is depicted as the spread of the coronavirus disease (COVID-19) continues, in Frankfurt, Germany, January 5, 2022. Photo taken at slow shutter speed while zoomed in. REUTERS/Kai Pfaffenbach BERLIN () – The German government is sticking to the goal of enacting a global corporate tax reform drafted last year as scheduled for Jan. 1, 2023, Finance Minister Christian Lindner said during a meeting with its G20 counterparts on Friday. “It’s an undeniably ambitious timetable, but it’s also a big and important project for international tax justice,” Lindner said when asked if he still supports the deadline. Last October, nearly 140 countries agreed on a minimum tax rate of 15% for multinational corporations to make it harder for companies like Google (NASDAQ:), Amazon (NASDAQ:) and Facebook (NASDAQ:) to park profits in low-tax countries. . Earlier on Friday, French Finance Minister Bruno Le Maire said he “really asked for a swift implementation” of the agreement, as he also supported the 2023 deadline. The timetable is widely seen as ambitious, not least as the administration of US President Joe Biden struggles to pass legislation that would bring US legislation in line with the global deal. Disclaimer: Fusion Media would like to remind you that the data on this website is not necessarily real-time or accurate. All CFDs (Stocks, Indices, Futures) and Forex prices are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price meaning prices are indicative and not suitable for trading purposes . Therefore, Fusion Media does not bear any responsibility for any trading losses that you may incur as a result of using this data. Fusion Media or anyone associated with Fusion Media accepts no liability for any loss or damage resulting from reliance on any information, including data, quotes, charts and buy/sell signals on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.

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