Taxation

ICC calls for coherent and coordinated implementation of international tax agreement

ICC has responded to a decision taken today by G20 Finance Ministers to endorse the agreement broached by 136 members of the Organisation for Economic Cooperation and Development (OECD) Inclusive Framework last week, calling for rapid clarity regarding the application and implementation of the proposed rules to address the tax challenges of the digitalisation of the economy.

ICC welcomes G20’s endorsement of global tax framework

ICC has welcomed the decision taken by G20 Finance Minister’s to endorse the preliminary agreement by the OECD Inclusive Framework to modernize the global taxation system — but cautions that coordinated implementation of the agreement will be vital to avoid placing unnecessary burdens on cross-border trade and investment. 

ICC calls for increased collaboration on digitalisation tax challenges

ICC has welcomed the opportunity for further business engagement to address taxation challenges relating to the digitalisation of the economy but calls for increased collaboration to achieve global consensus agreement. The call follows the Organisation for Economic Co-operation and Development’s (OECD)’s update on international tax negotiations this week.