GERMANY WARMLY WELCOMES US PROPOSAL CALLING FOR A 15% GLOBAL MINIMUM TAX RATE

Highlights

• While the corporate tax rate in the United States currently is 21 percent, the President Joe Biden is planning to raise it to 28 percent

• German Finance Minister Olaf Scholz welcomed the US move and said “This is really a big process. I am now, at this morning, very happy.”

The United States proposal that calls for corporations for a 15 percent global minimum tax rate has been w....