On Wednesday, the federal cabinet approved draft legislation to reduce the solidarity surcharge. If the bill is passed, the surcharge will, starting in 2021, be completely eliminated for around 90% of those who currently pay it. For a further 6.5% of taxpayers, the surcharge will be reduced. As a result, 96.5% of today’s surcharge payers will be better off.
In his speech at the Global Solutions Summit taking place in Berlin on 18 March 2019, German Finance Minister and Vice-Chancellor Olaf Scholz endorsed an international minimum level of taxation to ensure that states are able to finance their public goods. He also called for a multilateral approach, arguing that global problems such as climate change or social inequality can only be tackled …
At the 6th International Tax Symposium in Berlin, Finance Minister Olaf Scholz expressed his support for a global minimum effective tax on companies. He also stated that the fair taxation of companies will be one of the priorities Germany’s EU Council presidency in the second half of 2020.