German Vice-Chancellor Olaf Scholz speaks of a “great historic moment”. “The practice of avoiding taxes by transferring payments to tax havens will end for good,” Scholz said.
French Economy Minister Bruno Le Maire speaks of a “new tax architecture for the 21st century”. “I think this is great news for the G20 and for all the nations of the world,” said Le Maire. The Frenchman speaks frankly of a “fiscal revolution”. According to him, the fiscal ‘race to the bottom’, a race that has been shown to be “totally inefficient” is coming to an end.
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