After years of negotiations, 130 of the 139 countries participating in the G20/OECD Inclusive Framework on Base Erosion and Profit Shifting (BEPS) reached an agreement on international corporate tax reform on Thursday 1 July after two days of meetings.
The final declaration, which is much more detailed than the agreement reached at the G7 in mid-June (see EUROPE B12740A12), was signed by all G20 countries, including the United States, France, Germany, China, India, Russia, and Turkey.