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Shelving digital levy is sign of progress on global tax – Germany's Scholz

“The most important step is that we have a global agreement on minimum tax and that we also have an agreement on how we better tax big, highly-profitable companies including the global digital giants,” he said before a summit of EU finance ministers and U.S. Treasury Secretary Janet Yellen in Brussels.

“That the EU is deciding not to go ahead with an old proposal to the public is a sign that we are now really making progress to get a global agreement,” he added.

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Prolonged stimulus measures are posing risks to global economy, says Russian Finance Minister