The German parliament on Friday approved the implementation of a global minimum corporate tax, as part of an international deal to ensure large companies pay a minimum tax rate of 15%.
An important point of this deal, is that Germany can now collect taxes on profits made elsewhere. If Poland collects 10% tax, then Germany can collect the remaining 5%.
This means that governments aren’t competing for businesses anymore. Instead they are fighting amongst each other to figure out who is allowed which share of the newly found bounty.
An important point of this deal, is that Germany can now collect taxes on profits made elsewhere. If Poland collects 10% tax, then Germany can collect the remaining 5%.
This means that governments aren’t competing for businesses anymore. Instead they are fighting amongst each other to figure out who is allowed which share of the newly found bounty.