23/08/2021 (Agence Europe) – After Peru and St. Vincent and the Grenadines in July, it was Barbados’ turn to approve, on Thursday 12 August, the joint statement of the G20/OECD Inclusive Framework on base erosion and profit shifting (BEPS), which sets out a new framework for international corporate tax reform (see EUROPE 12753/1). There are now 133 countries that have signed the declaration, but Ireland, Hungary, Estonia, Kenya, Nigeria and Sri Lanka have yet to be convinced. The agreement is to be finalised in October 2021 and will be accompanied by a roll-out plan to develop model legislation, implementation guidance and a multilateral convention in 2022, with a view to implementation starting in 2023. (MF)