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).
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.
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