Business leaders and policymakers gather for a more sustainable world tax order
The International Tax Conference jointly hosted by the International Chamber of Commerce (ICC), Business@OECD and BusinessEurope last week highlighted how a consistent global tax system is essential for business and will foster cross-border trade and investment.
Under the theme “Towards a Sustainable World Tax Order?”, the International Tax Conference, held last week in Munich, Germany (21-22 July), gathered business leaders and policymakers from around the world over two days to address key, current and emerging topics in international tax policy.
The sessions underscored the importance of certainty, clarity and simplification for effective implementation of the new international tax rules, as well the need for continued cooperation, collaboration and engagement from the business community as a key stakeholder in the process.
The event brought together a great line up of speakers from ICC, the Organisation for Economic Co-operation and Development (OECD), the United Nations (UN), the European Commission, tax administrations and business representatives to discuss tax policy and implementation issues related to the OECD/G20’s two-pillar solution to address the tax challenges arising from the digitalisation of the economy. Other tax issues at global level such as carbon pricing and cross-border mobile working were also discussed.
Speaking at the conference, Christian Kaeser, Chair of the ICC Global Taxation Commission said: “Current and emerging issues require that everyone is on board to take active steps forward in promoting harmonised approaches to strengthen effectiveness. Globally coordinated efforts are needed to ensure that future international tax rules are workable and applicable in an increasingly digitalised economy as well as driving efforts for net-zero climate objectives.”
Divided into six sessions, each composed of an interview and followed by a panel discussion with distinguished speakers, the conference provided a platform for an exchange between business and key UN, OECD and EU representatives as well as national government officials on the fundamental architecture and elements endorsed by G20 Finance Ministers.
ICC Global Taxation Commission member Georg Geberth gave the welcome address while Wendy Miles, ICC Working Group on Carbon Pricing Co-Chair also spoke at the first session.
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