With information from EFE The first day of the G20 leaders’ summit in Rome today achieved its first objective: the adoption, after lengthy negotiations, of a global minimum tax on multinationals to balance the international tax system. “After four years of intense debate, a historic agreement has been reached on a solution based on two […]
Tag: G20
What is and how has the G20 been transformed
Since its inception in the late 1990s, the Group of 20 It has transformed from an international body to address financial crises into a forum to address urgent global issues such as access to vaccines and climate change. Is the structure of the G20 adequate to respond to the changing needs of our time? That […]
G20 climate talks stall ahead of COP26
Updated on 10/16/2021 03:07 am The world’s major economies are stalled in their efforts to agree on concrete steps to tackle climate change just a couple of weeks before a crucial summit begins in Rome, according to three people familiar with the matter. Preparatory talks between officials of the G20 This week they did not […]
IMF and G20 concerned about product shortages and inflation
Leaders of industrialized countries pledged in Washington to address logistics problems caused by the pandemic, which are driving up prices and slowing global growth. Global supply chain bottlenecks are a central theme at the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB), as well as in the appointments of the […]
Debate on US legal issue threatens global tax deal
While the Administration Biden and the world’s governments celebrate another move toward a historic global tax deal, a dark legal issue in USA threatens to tear it apart. At a Congressional committee hearing last month, Republican Sen. Pat Toomey, who opposes the deal, told the Secretary of the Treasury, Janet Yellen, that a key part […]
G20 finance ministers decide on a global minimum tax rate for large corporations
The finance ministers of the G20 countries have decided to introduce a global minimum tax for large corporations. At a meeting in Venice, they agreed on a declaration that confirms a decision made by 131 OECD countries last week. A global minimum tax rate of 15 percent and the possibility of taxing companies not only […]