German finance minister Olaf Scholz has said he will seek a deal with the incoming Biden administration on global rules for corporate taxation, as hopes rise in Berlin that the end of the Trump presidency will usher in a new era of multilateral co-operation.
Speaking at a Reuters conference in Berlin on Tuesday, he said the plan was to reach agreement by the summer on a tax blueprint unveiled last year by the OECD, the club of rich nations.
The set of principles put forward by the OECD in October, and strongly backed by Germany, would revolutionise the taxation of multinational corporations and raise an estimated $100bn in extra tax revenues around the world.
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