OECD: Report on status of international tax agenda, developments

OECD: Report on status of international tax agenda

The Organisation for Economic Co-operation and Development (OECD) today released a report prepared for G20 finance ministers and central bank governors providing a status update about the OECD's international tax agenda and the work of the Global Forum on Transparency and Exchange of Information for Tax Purposes (since February 2021).

1000

Related content

Today’s OECD report [PDF 2.38 MB] (102 pages):

  • Provides an update about tax policy during the coronavirus (COVID-19) pandemic with information about tax measures introduced by 66 countries and jurisdictions in response to the pandemic
  • Describes ongoing work to reach agreement on the tax challenges arising from the digitalisation of the economy (often referred to as the “BEPS 2.0” project), as well as work on indirect taxes on online transactions and greater transparency for crypto-assets
  • Provides a summary of work on tax policy and the environment, focusing in particular on carbon pricing
  • Provides an update on other G20 “tax deliverables”—including tax transparency, implementation of the base erosion and profit shifting (BEPS) measures and support for developing countries

Finally, the report notes that this is Secretary-General Angel Gurria’s last tax report to G20 finance ministers and central bank governors after 15 years at the helm of the OECD. Mathias Cormann of Australia will become the sixth Secretary-General of the OECD, for a five-year term beginning June 1, 2021.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal