G20 Finance Ministers conclude meeting with agreement for global minimum tax, other measures

G20 Finance Ministers agree to global minimum tax, to address digitalization of economy

G20 Finance Ministers agree to global minimum tax, to address digitalization of economy

The G20 Finance Ministers and Central Bank Governors today issued a communique [PDF 723 KB] following their third official meeting on 9 and 10 July 2021 in Venice.

This third meeting concluded with an agreement:

  • For a more stable and fairer international tax architecture with an endorsement of key components of the two pillars on the reallocation of profits of multinational enterprises and an effective global minimum tax
  • For the OECD/G20 Inclusive Framework on base erosion and profit sharing (BEPS) to finalize the design elements within the agreed framework together with a detailed plan for the implementation of the two pillars by their next meeting in October 2021
  • For a “menu” of policy options on digital transformation and productivity recovery with policies and good practices to make better use of the opportunities of digitalization
  • To address climate change with a closer international coordination on climate action

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