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Germany urges tax minimum for tech giants

Published 10/21/2018, 07:17 AM
© Reuters.  Germany urges tax minimum for tech giants
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  • As Europe looks to levy tax on U.S. tech giants, German Finance Minister Olaf Scholz told Welt am Sonntag he backed a global minimum fiscal regime for multinationals "to counter the shifting of profits to fiscally beneficial regions."
  • The current proposed EU tax on "big tech" has some countries worried, however, over items that could inadvertently snag European companies and potential consequences that could come amid a brewing EU-U.S. trade war.
  • Related: GOOG, GOOGL, AMZN, FB, AAPL
  • Now read: No U.S. User Growth At Facebook? No Problem - Facebook Still Has Strong Upside


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