OECD presents international tax update to G20 Finance Ministers

Table of contents

Overview 4

Further progress on the tax agenda 5

Part I. The G20’sInternational Tax Agenda 7

1 Tax policy in response to the COVID-19 crisis 8

Update to the tax policy stock take on countries’ responses to the crisis 8

Tax administration’s responses to the crisis 10

Regional meetings on tax responses to COVID-19 12

2 Tax transparency developments 13

Progress on Automatic Exchange of Information 13

Adoption of the reporting rules for digital platforms in the sharing and gig economy 14

Update on the list of jurisdictions that have not satisfactorily implemented the tax transparency standards 15

3 Addressing the tax challenges arising from the digitalisation of the economy 16

Background 16

Update on the Programme of Work since February 2020 17

Other work related to digitalisation 20

4 Implementing the Base Erosion and Profit Shifting measures 22

Implementation of the four BEPS minimum standards 22

Tax certainty 26

5 Capacity building – Supporting developing countries 27

Capacity building efforts for the implementation of the BEPS package 27

Update on the Academy for Tax and Financial Crime Investigation 28

Update on Tax Inspectors Without Borders 29 Update on the Platform for Collaboration on Tax30

Annex I.A. Application of the criteria to identify jurisdictions that have not satisfactorily implemented the tax transparency standards 31

Criterion 1: Exchange of Information on Request (EOIR) 31

Criterion 2: Automatic Exchange of Information (AEOI) 32

Criterion 3: Convention on Mutual Administrative Assistance in Tax Matters in force or having a sufficiently broad exchange network of bilateral agreements 32

Part II. Global Forum on Transparency and Exchange of Information for Tax Purposes: Progress Report to the G20 33

Annex 1. OECD/G20 Inclusive Framework on BEPS: Progress Report July 2019-July 2020 47