G20 Leaders Commit to Level Playing Field Under Minimum Tax Deal

The Group of 20 leaders committed Sunday to addressing concerns about the global minimum tax while ensuring that a solution will be fair to all countries.

In a statement released at the conclusion of the G20 summit in South Africa, the leaders said the delivery of a solution will need to address “a commitment to ensure any substantial risks that may be identified with respect to the level playing field, including a discussion of the fair treatment of substance-based tax incentives.” They also committed to addressing risks of base erosion and profit shifting and “tax challenges arising from the digitalisation ...