Global tax on tech giants now ‘highly likely,’ German minister says after Yellen call : worldnews

“Speaking to CNBC’s Annette Weisbach on Thursday, German Finance Minister Olaf Scholz said it was now “highly likely” that a deal on tax will be struck before a summer deadline at the OECD level.

“I’m really confident that we’ll get an agreement,” he said, just one day after speaking to new U.S. Treasury Secretary Janet Yellen via telephone.

The OECD wants to have an international agreement on how to tax tech giants by the summer, after failing to reach a deal in 2020.”

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