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G20 calls for outline of digital economy taxation in January

printer Mail

G20 finance ministers have reacted positively to the OECD secretariat’s latest proposal for reform of the international tax rules, presented to the group on 18 October by the OECD secretary-general in his latest tax report. The report contained details of a proposed unified approach to reaching agreement on ‘pillar one’ of the BEPS inclusive framework’s work programme for an international solution by 2020.

The Japanese finance minister, representing the G20 Japanese presidency, said the G20 now looks to the inclusive framework to agree an outline by January 2020 and to update the G20 at its February 2020 meeting.

Pascal Saint-Amans, OECD director for tax policy and administration, said the OECD hopes to reach political agreement in June and report progress to the G20 meeting in July.

‘If agreement is achieved in the summer of 2020, then the implementation phase would begin’, Saint-Amans said.

Issue: 1462
Categories: News