G20 Finance Ministers endorse key components of global tax changes and invite holdouts to back the agreement

Executive summary

On 9-10 July 2021, the G20¹ Finance Ministers and Central Bank Governors met in Venice. At the conclusion of the meeting, a joint communiqué (the communiqué) on key topics discussed at the meeting was issued. With respect to the ongoing G20/OECD² project on addressing the tax challenges arising from the digitalization of the economy (the “BEPS 2.0 project”), the Finance Ministers endorsed the key components of the two pillars on reallocation of profits and a …