German Finance Minister Olaf Scholz has called for a global minimum tax on large technology companies, The Telegraph reports, and it's a move aimed at ensuring tech firms pay taxes in the countries in which they generate revenue rather than only in the countries where they're headquartered. "We need a worldwide minimum tax level that no state may go below," Scholz told Welt am Sonntag. "We require coordinated mechanisms which prevent the displacement of revenues to tax havens."

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