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G20 Finance Ministers Communiqué Published Following Riyadh Meeting

26 February 2020

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Approved Changes

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G20

The G20 Finance Ministers Communiqué has been published following the meeting held 22 to 23 February 2020 in Riyadh, Saudi Arabia. With respect to tax and transparency, the main text of the Communiqué includes the following: We welcome the recent progress made on addressing the tax challenges arising from the digitalization of the economy. We endorse the Outline of the Architecture of a Unified Approach on Pillar One as the basis for negotiations and welcome the Progress Note on Pillar Two, both of which were agreed by the G20/OECD Inclusive Framework on Base Erosion and Profit Shifting (BEPS). We encourage...