Inclusive Framework agrees to historic deal on international tax

The OECD/G20 sponsored forum has agreed the key principles for major change to international tax rules from 2023, writes Grant Wardell-Johnson.

On 1 July 2021, in an historic agreement, 130 countries have approved a statement providing a framework for reform of the international tax rules. These countries are members of an Inclusive Framework (IF) of 139 countries, sponsored by the OECD. The agreement is a significant departure from the standard international tax rules of the last 100 years which largely require a physical presence in a country before that country has a right to tax and which do not set a floor for tax competition by...

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Authors: Grant Wardell-Johnson

Published Date: 02 July 2021