Bundestag Enacts Legislation on Global Minimum TaxationMon 20th Nov, 2023The Bundestag has given its approval to the proposed law by the federal government regarding global minimum taxation. The primary objective of the global minimum tax is to establish consistent taxation for internationally operating companies worldwide. Members from the FDP and CDU factions in the Bundestag stress that global minimum taxation is not designed to boost tax revenues but to promote tax fairness. The federal government is urged to engage with the USA and other nations to bolster the effectiveness of the global minimum tax initiative. By enacting this law, the federal government is aligning with the EU directive on global minimum taxation.

Source: The Munich Eye November 20, 2023 20:40 UTC