The Tax-Related Aspects of the G20 Leaders’ Communique Hangzhou Summit

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(Photo: Guardian )

The G20 Leaders Summit took place from September 4-5 in Hangzhou, China. Here is what they agreed on international tax reform.

19. We will continue our support for international tax cooperation to achieve a globally fair and modern international tax system and to foster growth, including advancing on-going cooperation on base erosion and profits shifting (BEPS), exchange of tax information, tax capacity-building of developing countries and tax policies to promote growth and tax certainty.

We welcome the establishment of the G20/OECD Inclusive Framework on BEPS, and its first meeting in Kyoto. We support a timely, consistent and widespread implementation of the BEPS package and call upon all relevant and interested countries and jurisdictions that have not yet committed to the BEPS package to do so and join the framework on an equal footing.

We also welcome the progress made on effective and widespread implementation of the…

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