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Global Minimum Tax Could Net Germany 6.2 Billion Euros

March 18, 2022, 1:47 PM

Germany could gain up to 6.2 billion euros per year of extra tax revenue from the imposition of the 15% global minimum tax on the profits of multinationals, according to a paper written for the country’s finance ministry.

However, if all current low-tax jurisdictions charge the 15% minimum, the extra revenue for Germany would fall to 1.6 billion euros because of reduced profit-shifting, said the paper, issued Friday by think tank the ifo Institute for Economic Research.

  • German multinationals covered by the minimum tax—which will apply to companies with global revenues above 750 million euros—currently pay an ...