G20 finance leaders are expected to approve a potential OECD deal on the global minimum corporate tax in JulyReuters reported, citing the draft draft.
Key quotes from the draft
“After many years of discussions and based on the progress made last year, we have reached a historic agreement on a new, fair and stable international tax architecture.”
“We support the fundamental elements of the two pillars on the reallocation of profits of multinational companies and the global minimum tax, as set out in the statement published by the G20 / OECD Inclusive Framework on Basic Erosion and Profit Shifting (BEPS) “.
“We call on the G20 / OECD Inclusive Framework on BEPS to quickly complete the remaining technical work with a view to approving the framework for the implementation of the two pillars before our next meeting in October.”
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