On 1 July 2021, in an historic agreement, 130 countries have agreed to a statement providing a framework for reform of the international tax rules.
The prospects of a historic and wide-ranging global tax agreement in the middle of this year has been significantly enhanced by the position adopted by the Biden administration.
The OECD has released important information on its work to find international consensus on how to deal with the tax challenges of the digitalisation of the economy.
Achieving global consensus on changes to the international tax system and digital economy would be a considerable prize.
The OECD’s recent Tax Policy Reforms 2018 – which covers latest tax trends among 35 countries – shows that several member countries have lowered taxes on businesses and individuals as part of their 2018 tax reforms.
The interconnectedness of the international tax system has been brought home sharply to me over the past fortnight by events both internal and external to KPMG.
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