Merkel hopes to step up work on digital taxation with the Biden administration

German Chancellor Angela Merkel said Tuesday she hopes to step up work with US President Joe Biden’s new administration on minimum taxation of digital companies. The Organization for Economic Co-operation and Development outlined last year the first major rewrite in a generation of international rules for taxing cross-border businesses like Google, Apple is Facebook.

“I hope that with the new US administration we can now continue and intensify the OECD’s work on minimum taxation of digital companies,” Merkel said at this week’s World Economic Forum event via videoconference. He added that he hoped “that we will once again be able to anchor the central role of competition law globally and prevent the emergence of monopolies”. (Written by Paul Carrel Edited by Thomas Escritt)

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News Highlights:

  • The Organization for Economic Co-operation and Development outlined last year the first major rewrite in a generation of international rules for taxing cross-border businesses like Google, Apple is Facebook. “I hope that with the new US administration we can now continue and intensify the OECD’s work on minimum taxation of digital companies,” Merkel said at this week’s World Economic Forum event via videoconference.
  • Merkel hopes to step up work on digital taxation with the Biden administration