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Europe Winning Paper of this year’s Franco-German Fiscal Policy Seminar
In October 2021, 137 countries and jurisdictions agreed to implement a major reform of the international corporate tax system, i.e., a global minimum tax of 15% on the profits of large multinational companies. The winning paper presents simulations of the revenue effects of the global minimum tax.
Public Finances Provisions relating to compensation for National Socialist injustice
Almost immediately after the end of the Second World War, it became clear that compensation needed to be provided to those who had suffered damage as a result of National Socialist injustice. Those who had suffered oppression due to their political opposition to National Socialism or on the grounds of race, religion or ideology were particularly affected.
Financial markets FATF Ministers commit to take decisive action against money laundering
Under German chairmanship the Ministers of the Financial Action Task Force (FATF) members committed to take swift and decisive action to improve the effectiveness of measures to fight money laundering, terrorist and proliferation financing at their meeting in Washington D.C. today. This includes promptly implementing the FATF’s global beneficial ownership rules, which were strengthened earlier …
Financial markets TIBER-DE enhances the security of the German financial system
The Federal Ministry of Finance and the German Bundesbank have decided to implement TIBER-DE, a new programme that will strengthen the resilience of the entire financial system to cyber attacks.
Financial markets The IMF and World Bank spring meetings: an update
What’s happened so far and what’s coming up next? Finance Minister Christian Lindner provides an update on the IMF and World Bank spring meetings in Washington, D.C., and looks ahead to the G20 meeting, which will focus above all on the global minimum tax rate and on financial literacy and inclusion.
Financial markets The IMF and World Bank spring meetings: a recap
Finance Minister Christian Lindner looks back at the spring meetings that took place in Washington, D.C. from 12 to 14 April. He is returning to Berlin with two main tasks: to ensure that the federal budget contains no new borrowing and to boost economic growth, not least in order to better meet the state’s social responsibilities.
Climate action European Sustainable Finance Summit
As the European Sustainable Finance Summit gets underway, German Finance Minister Olaf Scholz and Environment Minister Svenja Schulze are calling on European companies to invest more in sustainable economic activities. The first survey, published today, on applying the EU taxonomy shows that just 2% of companies’ activities by revenue meet the taxonomy’s level of ambition for climate action and …
Public finances The cabinet makes social cohesion and modernisation priorities
On 20 March 2019, the federal cabinet adopted the benchmark figures for the 2020 federal budget and the financial plan to 2023. The government is planning record-level investments, the biggest tax cuts in over 10 years as well as comprehensive measures to boost social cohesion, ensuring that everyone in the country benefits from Germany’s economic success.
G7 Team of LSE experts led by Lord Nicholas Stern issues report on international climate club
The report looks at how international cooperation in the form of an inclusive climate club can promote climate ambition and facilitate the decarbonisation of industry.
Financial markets Stepping up the fight against financial crime
We must ensure that financial crime has no future in Germany. With the aim of effectively fighting financial crime and vigorously enforcing sanctions, we will bundle key competencies under one roof. We will also train the best financial investigators, and we will drive forward digitalisation and connectivity.