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Summary for G7 Finance Ministers Meeting in Chantilly France Published

19 July 2019

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Proposed Changes

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Canada-France-Germany-Italy-Japan-United Kingdom-United States

The Chair's Summary has been published following the G7 Finance Ministers and Central Bank Governors’ Meeting held 17 to 18 July 2018 in Chantilly, France. With respect to international taxation, the summary includes the following: --- International taxation Considering the need to improve the current international tax framework, without undermining its principles, Finance Ministers agreed that it is urgent to address the tax challenges raised by the digitalization of the economy and the shortcomings of the current transfer pricing system. Ministers therefore fully supported a two-pillar solution to be adopted by 2020 through the work programme endorsed by the G20...