November 13, 2018 / 2:02 PM / in a month

Germany, France could act unilaterally on digital tax - Scholz

BERLIN, Nov 13 (Reuters) - Germany and France would be prepared to act by themselves on a digital tax if no international agreement has been reached by 2021, Germany’s Finance Minister Olaf Scholz said on Tuesday.

Speaking at business conference in Berlin, Scholz said Germany, as a believer in a multilateral world order, had a duty to seek a consensus, especially since its tax base benefited from the international activities of its manufacturing economy.

But Scholz said he and the French government agreed that, if no negotiated progress had been made by December, they would reach a decision that makes it clear that “we will do something in 2021, because we don’t find the state of affairs with digital companies and the profit taxes they pay here very attractive.” (Reporting by Thomas Escritt Editing by Paul Carrel)

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