German Finance Minister Olaf Scholz has said financial leaders must use talks in...
BERLIN - German Finance Minister Olaf Scholz has said financial leaders must use talks in Washington this week to avoid any escalation in trade disputes as political risks pose the biggest threat to a slowing world economy.
“All parties must do their part to avoid an escalation of trade disputes,” Scholz told Reuters in an interview on Wednesday, ahead of the April 12-14 International Monetary Fund and World Bank Spring Meetings. “It’s the task of the European Union to be helpful in a process in the United Kingdom like this,” Scholz said. “I hope that the risk of a ‘no-deal’ Brexit is decreasing.”
Financial leaders will discuss proposals to introduce a minimum level of corporate taxation. “The ambitious goal is to reach an international agreement by the summer of next year,” Scholz said.
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