Merz calls for EU to suspend global minimum tax after US exit
Merz calls for EU to suspend global minimum tax after US exit
Merz calls for EU to suspend global minimum tax after US exit | dpa international
Speaking after a meeting with Bavaria's state Cabinet atop the Zugspitze mountain, Germany's highest peak, Merz said that continuing with the 15% minimum tax in Europe would put the continent’s economy at a disadvantage.
I think it's time to have a radical rethink of taxation, because this race to the bottom appears inevitable. We will never get every country to sign up to this, and in a world where profit is increasingly driven by IT services, it is easier than ever to domicile in a tax friendly country. I propose the following: