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G7 Finance Ministers Confirm Commitment to Implementation of Two-Pillar Solution

15 May 2023

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Japan's Ministry of Finance has published the meeting communiqué issued after the G7 Finance Ministers and Central Bank Governors meeting held from 11 to 13 May 2023 in Niigata, Japan. Among other things, the communiqué confirms the commitment to the implementation of the OECD's two-pillar solution for international tax reform as follows: --- International Taxation 24. We re-emphasize our strong political commitment towards the swift global implementation of the OECD/G20 Inclusive Framework Two-Pillar Solution to address the tax challenges arising from globalization and the digitalization of the economy and to establish a more stable and fairer international tax system. We...