G20 to endorse OECD deal on world minimal company tax – draft

The world’s monetary leaders will endorse on July 9-10 a deal setting a worldwide minimal company tax and name for technical work to be completed to allow them to approve the framework for implementation in October, their draft communique confirmed.

“After a few years of discussions and constructing on the progress made final 12 months, now we have achieved an historic settlement on a brand new, truthful and steady tax structure,” the draft mentioned.

“We promote the core parts of the 2 pillars on the revenue reallocation of multinational enterprises and the worldwide minimal tax as set out within the assertion launched by the G20/Inclusive Framework on Base Erosion and Revenue Shifting (BEPS),” it mentioned.

“We name on the G20/Inclusive Framework on BEPS to swiftly finalise the remaining technical work with a view to approving the framework for implementation of the 2 pillars by our subsequent assembly in October,” the draft, seen by Reuters, mentioned.


(Reporting by Jan Strupczewski; enhancing by Mark John)

(Solely the headline and movie of this report could have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)

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