Recent developments that matter from around the globe, reported by Tim Sarson (KPMG).
Historic agreement on international tax reform
Following on from last month’s G7 announcement the big tax news this month is the historic worldwide agreement on international tax reform. At the time of writing 132 countries (out of the 139 members of the ‘Inclusive Framework’ or ‘IF’) have signed up to the principles of the OECD/G20’s ‘BEPS 2.0’ programme. Some details remain to be established but the overarching framework resolves (or at least sidesteps) a lot of the major issues identified during consultations earlier this year. The re-energised US involvement is prominently reflected in the solutions. So too is the consensus-building needed to bring more countries including developing countries onside. We now have a broad approach that suits the majority of participants. On 10 July the G20 finance ministers and central bank governors...
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Recent developments that matter from around the globe, reported by Tim Sarson (KPMG).
Historic agreement on international tax reform
Following on from last month’s G7 announcement the big tax news this month is the historic worldwide agreement on international tax reform. At the time of writing 132 countries (out of the 139 members of the ‘Inclusive Framework’ or ‘IF’) have signed up to the principles of the OECD/G20’s ‘BEPS 2.0’ programme. Some details remain to be established but the overarching framework resolves (or at least sidesteps) a lot of the major issues identified during consultations earlier this year. The re-energised US involvement is prominently reflected in the solutions. So too is the consensus-building needed to bring more countries including developing countries onside. We now have a broad approach that suits the majority of participants. On 10 July the G20 finance ministers and central bank governors...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
