Germany Says It Will Benefit Under Two-Part Global Tax Plan

Jan. 14, 2022, 7:28 PM

Germany stands to gain revenue from the two-part global tax plan agreed by nearly 140 countries last fall, its finance ministry said.

The Organization for Economic Cooperation and Development-led effort includes a reallocation of a portion of the largest multinationals’ profits to market jurisdictions, known as Pillar One, and a 15% global minimum corporate tax rate, known as Pillar Two.

  • Although Germany is a net exporter—and Pillar One generally moves profits to net importing countries—the government has kept its eye on making sure the country is not a revenue loser under the measure, the finance ministry said in a question-and-answer ...

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