More than 500 OECD delegates from over 135 countries and jurisdictions approved the release of a new progress report on international tax reform at the 14th plenary meeting of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) on Thursday 6 October.
Presented ahead of the G20 Finance meeting on the margins of the IMF and World Bank annual meetings, the report, which focuses on administration and legal certainty, states that reform of the international tax system is progressing well.
“It has been a year since an unprecedented agreement was reached to address the tax challenges raised by the digitalisation and globalisation of the economy, and hard work has been done during this time to ensure the rapid implementation of this vital international tax reform agenda”, said OECD Secretary-General Mathias Cormann in a statement.
The report will therefore be submitted for public consultation. It contains the rules for the administration of the new tax law under Pillar I of the OECD agreement, including various provisions on legal certainty.
View the OECD progress report: https://aeur.eu/f/3jk (Original version in French by Anne Damiani)