Germany urges global minimum tax for digital giants
World BusinessOct 21, 2018
German Finance Minister Olaf Scholz said in an interview for publication Sunday he backed a global minimum fiscal regime for multinationals as Europe looks to levy tax notably on US tech giants."We need a minumum tax rate valid globally which no state can get out of (applying)," Scholz, a social democrat in conservative Chancellor Angela Merkel's coalition government, told the "Welt am Sonntag" weekly.Europe is trying to devise a strategy to tax profits from the likes of Google, Amazon, Facebook