France, Germany push for global minimum tax

France and Germany are pushing for an agreement among major economies on a minimum tax rate.

Speaking at a joint press conference ahead of the start of the Franco-German Economic and Financial Council, French Finance Minister Bruno Le Maire said that 'The change of (US) administration offers a historic opportunity... and we have to seize opportunities when they present themselves. It's now. It's now that we must act.'

Referring to the upcoming G7 finance ministers' meeting and the G7 Summit, German Finance Minister Olaf Scholz said he was optimistic about the ongoing negotiations. 'We are very close to concluding an international agreement', he said.