The OECD has released the Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors, and Taking Stock of Progress on Transparency and Exchange of Information for Tax Purpose,s ahead of the G20 meeting held from 17 to 18 July 2025 in South Africa.
The Tax Report outlines progress on key G20 tax priorities, including implementation of the BEPS minimum standards, developments under the Two-Pillar Solution—particularly the global minimum tax (GloBE Rules)—and ongoing work to enhance tax transparency. As of March 2025, 29 Qualified Income Inclusion Rules and 30 Qualified Domestic Minimum Top-up Taxes have been recorded under the Inclusive Framework’s transitional qualification mechanism.
The reports highlight efforts to address concerns raised by the United States regarding double taxation under Pillar Two rules. A recent G7 statement supported a “side-by-side” approach to exclude US-parented groups from the UTPR and IIR, aiming to enhance stability in the global tax framework.
Additional initiatives include a simplified effective tax rate calculation for MNE groups in high-tax jurisdictions and the opening of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) for signature to enable automatic information exchange and reduce compliance burdens.
