Germany, China Pledge to Help Administer Global Minimum Tax Rules

Germany and China have pledged to help developing nations administer the global minimum tax rules just months before they’re poised to go into effect.

The two countries released a joint statement following a high-level financial dialogue in Frankfurt calling for countries around the globe to coordinate on the 15% global minimum tax to help avoid double taxation and reduce the compliance burden for companies.

“Both sides call for greater coordination among countries implementing the Global Anti-Base Erosion Rules to avoid double taxation and mitigate compliance burden of enterprises,” the countries said in their Oct. 1 statement.

The global minimum ...