G-20 ministers agree to tax tech giants

Finance Ministers from the Group of 20 nations (G-20) agreed they need to find a common method to tax technology giants, whose digital business models have grown exponentially faster than systems to tax them.“We agreed on a need to redouble our efforts to reach consensus by 2020,” Japanese Vice Minister for Finance Masatsugu Asakawa said Saturday following a G-20 symposium on international taxation that brought together finance ministers from nations including the United States (US), China an

10 June 2019

G-20 to tackle difficult issues

Risks from the United States (US)-China trade war and an expected turn in global monetary policy will feature high on the agenda as finance and central banking chiefs from the Group of 20 (G-20) gather this weekend in Fukuoka, Japan.The meeting takes place as the world’s two biggest economies ramp up tariffs against each other, hurting the global economy and leaving policy makers struggling to shore up growth.

8 June 2019