Germany Optimistic on OECD Digital Tax ‘Breakthrough’ in Fall

Germany is hopeful of an autumn “breakthrough” as the OECD tries to get nearly 140 countries to agree on a new system for taxing digital services, the country’s finance minister Olaf Scholz said.

It is “important to reach a decision this year, and I’m going to do everything in my power to enable this,” Scholz said Wednesday to the European Parliament’s economic and monetary affairs committee. Germany holds the rotating presidency of the Council of the European Union, meaning it chairs meetings and represents the EU in international negotiations.

• An agreement on digital taxation would have “consequences for the ...