BERLIN: German Finance Minister Olaf Scholz said on Wednesday that he expected a breakthrough agreement on a global corporate minimum tax and new rules to tax cross-border digital services within a few weeks.

"We're on home straight. Negotiations are taking place almost every day and at all levels of the G20, G7 and the OECD," Scholz said in a joint virtual news conference with French counterpart Bruno Le Maire.

"I have a very good feeling that in just a few weeks we will agree on a revolution in international corporate taxation, namely a reallocation of taxing rights and a global mininum tax."