German Official Urges National, Int’l Action On Tax Avoidance

Law360 (October 22, 2019, 4:07 PM EDT) — Both national and international action are necessary to end tax practices that, while legal, are still unfair, the German finance minister said recently, praising a European Union disclosure requirement his country is due to adopt by year-end.

Under the requirement, companies would have to notify authorities of legal tax avoidance strategies, Olaf Scholz, the finance minister, said during a conference for German tax consultants in Berlin on Monday.

Germany and France are closely cooperating to help develop international tax proposals at the level of both the Organization for Economic Cooperation and Development and the Group of 20 leading rich and developing nations,…

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