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28-10-2020 09:00
Exchange of views on the ongoing reform of the international tax system

FISC - Exchange of views on the state of play as regards the ongoing reform of the international tax system FISC - Exchange of views on the state of play as regards the ongoing reform of the international tax system
Reform of the international tax system © Image used under the license from Adobe Stock

On 28 October, the FISC Members discussed the state of play on the ongoing reform of the international tax system with Benjamin Angel (Director for direct taxation at DG TAXUD) and Pascal Saint Amans (Director for Tax policy at OECD).

The debate will take place exactly two weeks after the G20 Finance Ministers decided to postpone to mid-2021 the possibility for an agreement at global level on the international tax reform.

Significant progress has been made at OECD level to ensure that fairer tax rules apply throughout the world; to ensure that new rules on where tax should be paid are introduced together with a global minimum tax rate that would help countries address tax avoidance by multinationals.

There are however still remaining political and technical issues where differences of views remain to be bridged.

In the meantime, several countries including Member States are introducing unilateral digital taxes.

The debate therefore comes at a very timely moment, knowing that the EP already expressed its willingness that, in the absence of an agreement by the end of 2020, the EU should take the lead and introduce an EU digital tax.