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German Finance Chief Sees Global Corporate-Tax Deal by Summer

May 1, 2021, 11:00 PM

German Finance Minister Olaf Scholz said a global deal on minimum corporate taxes is possible within months, citing signals of support by President Joe Biden’s administration.

“I’m convinced we’ll finish up a global minimum tax on corporate profits this summer,” Scholz, the Social Democratic Party’s candidate for chancellor in Germany’s September election, told Funke Media Group in an interview. “The American administration is on board with it now.”

The Biden administration has proposed that the U.S. apply a 21% global minimum rate, leading to speculation that it would push for a high rate in international talks under way at ...