Update on international tax reform provided to G20 finance ministers (July 2023)
Jul 17, 2023
On July 17, 2023, the OECD Secretary-General released a tax report presented to the G20 finance ministers and central bank governors that covers developments in international tax reform since February 2023.
The report provides an update on the work of the OECD/G20 Inclusive Framework on BEPS on a “two-pillar” approach to address the tax challenges arising from the digitalization and globalization of the economy, including the publication of an outcome statement dated July 11, 2023 on nexus and profit allocation challenges (Pillar One) and global minimum tax rules (Pillar Two) that was agreed by 138 of the 143 members of the inclusive framework.
Review tax report on the OECD website.
