German Finance Minister Olaf Scholz and his French counterpart Bruno Le Maire have been discussing Europe’s future. A minimum corporate tax rate may well play a role in that. 

US Treasury Secretary Janet Yellen put forward the proposed figure of a 21% minimum tax rate for corporations earlier this month. She said she was working with other G20 countries to come to an agreement on a global minimum tax rate. Le Maire pointed out in the interview that a minimum rate of 12.5% was already under consideration as the Organization for Economic Cooperation and Development (OECD) was discussing new rules.

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