Minister Blümel welcomes agreement on global tax reform

In today's negotiations under the OECD Inclusive Framework, 130 countries came to agreement on the basic parameters of global tax reform. Only nine, predominantly smaller states, continued to express reservations. The agreement thus covers over 90% of global economic output.

Finance Minister Gernot Blümel has welcomed the agreement which, in particular, sets out a global minimum tax rate of at least 15%; "We have always said that this is about international corporations, and that therefore an international solution is needed. A global solution will ensure greater fairness in taxation and between countries. Austria will benefit considerably from this global tax reform, and has always assumed a pioneering role. Back in 2018, under the Austrian EU Council Presidency, we were already advocating a uniform digital tax, and for this reason I am gratified that now, as a European voice, we have been able to make a significant contribution to the successful outcome of these negotiations."