Germany plans to enact a 15% minimum tax, making it the first EU country to indicate it will move forward without unanimous agreement among member countries on the measure.
The country plans to start implementing the tax in 2024, using the EU version of the rules, a source familiar with the matter said. That would adhere to the timeline the EU—and other countries—have been targeting.
The move could open the door to other countries also implementing minimum taxes, after several months of the EU negotiations being stalled.
“Germany’s announcement solves the first mover problem,” said Rebecca Kysar, professor at Fordham ...