Global minimum tax: Germany benefits from tax reform - WELT

BFinance Minister Olaf Scholz is one of the drivers of global tax reform. "We have now reached our goal," he exulted on the occasion of the G20 finance ministers' meeting in Venice. 131 countries have agreed on a framework, 150 billion dollars, almost 130 billion euros in additional tax revenue, this should bring the states.

According to a previously unpublished study by the Munich Ifo Institute on behalf of the Federal Ministry of Finance, which is available to WELT AM SONNTAG, Germany should also be “among the reform winners”. The economists estimate the annual additional income from the first pillar of the reform package at 0,7 to 0,9 billion euros.

The focus is on particularly large and profitable companies with annual sales of at least 20 billion euros and a profit margin of ten percent and more. From them, more taxes than before should end up where the customers are.

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Global minimum tax

Foreign companies operating on the German market, especially the large digital corporations, will have to pay 2027 to 0,9 billion euros more tax annually in Germany by 1,2, according to Ifo calculations. On the other hand, the tax authorities miss taxes of large German corporations, since they too have to pay tax on larger parts of their profits on foreign markets. In a scenario that largely corresponds to the current resolutions, this minus is estimated at a good 0,2 billion euros annually.

The study classifies a little more than 100 corporations worldwide into the group of German companies that will have to pay more taxes in the market states in the future, including eight German companies, namely Ceconomy, Deutsche Telekom, Henkel, RWE, Bayer, SAP, Adidas, German postal service.

The EU's estimate was 5,7 billion euros

The forecast of up to almost a billion euros would be added to the expected additional income from the minimum tax of at least 15 percent - the second pillar of the reform. The EU tax observatory had the plus from the Minimum tax last estimated at 5,7 billion euros.

In their study, the experts at the Ifo Institute point out that the plus from the first pillar can also be lower. This depends on the specific design of individual parameters, for example the precise definition of the area of ​​application, the design of the distribution formula and the system for avoiding international double taxation.

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