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Fin Min: Confident Of Agreement On Digital Taxation, Min Corp Tax

GERMANY

Comments hitting wires and social media from German Finance Minister (and Social Democrat candidate for chancellor) Olaf Scholz:

  • Says he is ''quite optimistic we'll reach an agreement on digital tax'. This remains a major sticking point in EU-US economic relations, with the EU looking to extract significant taxes from US-headquartered tech giants.
  • Says the 'race to the bottom' on global taxes has been halted and that he expects a deal on minimum corporate taxation to be reached this summer.
  • Nord Stream II pipeline is 'near completion'.
  • States that 'China's participation in climate change mitigation must be possible'.
  • Argues that 'when laws are broken we must be strict with Russia'.
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