Ahead of the G20 Leaders’ Summit under the Brazilian G20 Presidency, on November 18, 2024 the OECD released the OECD Secretary-General Tax Report to G20 Leaders for the November 2024 meeting in Brazil. In this report the Secretary-General of the OECD reports on key tax developments since his last report to G20 leaders in September 2023.

In the report the Secretary-General reports on key tax developments in the following areas:

• Two-Pillar International Tax Package:
  • Pillar Two - raising the floor on international taxation of corporate revenues:
    • Subject-To-Tax-Rule (STTR); and
    • Global Minimum Tax;
  • Pillar One – modernising the international tax system for the 21st century:
    • Amount A; and
    • Amount B;
  • BEPS Update:
    • Implementation of the minimum standards:
      • Action 5 – Harmful tax practices;
      • Action 6 – Tax treaty abuse;
      • Action 13 – Country-by-Country reporting; and
      • Action 14 – Mutual Agreement Procedure (MAP);
    • Tax and Inequality;
    • Tax and Mobility;
    • Tax Transparency;
    • Tax Administration and Tax Certainty:
      • Digital Transformation;
    • Tax and Development:
      • BEPS Implementation:
        • Action 13 Country-by-Country (CbC) Reporting; and
        • Action 14 – Mutual Agreement Procedure (MAP);
      • Tax Inspectors Without Borders (TIWB);
      • The Global Relations Programme on Taxation;
      • Capacity-building Support Related to the Extractive Sector; and
      • Ukraine Tax Capacity Building Programme;
    • Global Forum on Transparency and Exchange of Information for Tax Purposes:
      • Ensuring effective implementation of the EOI Standards; and
      • Assisting Global Forum members through capacity building.

The OECD Secretary-General’s Tax Report to G20 leaders for the November 2024 meeting in Brazil can be downloaded here.

Copyright – internationaltaxplaza.info

Follow International Tax Plaza on Twitter (@IntTaxPlaza)