In Germany, Ways & Means Members Highlight How OECD Global Tax Deal Harms Jobs, Emboldens China, and Would Spark Global Tax Instability

Press Release

"In the pandemic we saw our supply lines, especially medical, being so terribly exposed and we saw how dependent we are on China. If we're going to establish a global minimum tax upon the world, we're also in a time where we're trying to push our supply lines away from China. So, not only are we talking about sending anywhere from $60 billion to $120 billion American dollars to other countries under Pillar 2, we also have to diversify our supply lines. We need some incentives to do that here and in other countries."

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