Germany urges tax for digital giants

German Finance Minister Olaf Scholz said in an interview for publication Sunday he backed a global minimum fiscal regime for multinationals as Europe looks to levy tax notably on US tech giants.

“We need a minumum tax rate valid globally which no state can get out of (applying),” Scholz, a social democrat in conservative Chancellor Angela Merkel’s coalition government, told the “Welt am Sonntag” weekly.