25 June 2021
Featured Article
G20 Draft Communique Signals Endorsement of Global Minimum Tax: Earlier this week, Reuters reported that the G20 finance ministers are set to endorse the "core elements of the two pillars on the profit reallocation of multinational enterprises and the global minimum tax as set out in the statement released by the G20/OECD Inclusive Framework on Base Erosion and Profit Shifting (BEPS),” according to the draft communique for the upcoming G20 finance ministers meeting obtained by Reuters. With the meeting set for July 9-10, the draft communique calls on the "G20/OECD Inclusive Framework on BEPS to swiftly finalize the remaining technical work with a view to approving the framework for implementation of the two pillars by our next meeting in October.” [More Information via MNEtax.com]
IMF Update
IMF Blog Post: A Proposal to Scale Up Global Carbon Pricing
IMF Staff Paper: Proposal for an International Carbon Price Floor Among Large Emitters
Speech by IMF Managing Director Kristalina Georgieva: The Road Ahead for Africa—Fighting the Pandemic and Dealing with Debt
IMF Mission Updates: Over the past week, the IMF released mission updates for Azerbaijan, Croatia, Curaçao and Sint Maarten, Egypt, Kosovo, Mauritius, Serbia, Slovak Republic, and Togo.
New OECD Publications
New peer review reports: Antigua and Barbuda, Argentina, the Russian Federation, South Africa and Ukraine. [More Information]
Tax Inspectors Without Borders: statement of outcomes
Notable New Releases & Articles
World Investment Report 2021, United Nations Conference on Trade and Development
Towards WCO Modernization: Reforming the World Customs Organization, European Union [More Information]
Governments must nurture corporate optimism for a sustained recovery, Oliver Jones, EY
Developing Countries and the Tax Treaties Myth, Nana Ama Sarfo, Tax Notes
2021 IOTA Forum on Implementation of Measures to Counter BEPS, Intra-European Organisation of Tax Administrations
Country Updates
Argentina Simplifies TP Reporting via MNEtax.com
Chile Tax Updates
Withholding tax rate rates via EY Global Tax News
VAT compliance evaluations on foreign service providers via EY Global Tax News
New TP Rules in Jordan via EY Global Tax News
Mexico Tax Developments:
Labor reform via ITR
New effective tax rate list via EY Global Tax News