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OECD G20 Inclusive Framework On BEPS Update
Wednesday 23rd April 2025
The OECD/G20 Inclusive Framework on BEPS held its 17th Plenary meeting from 7 to 10 April in Cape Town, South Africa. The meeting brought together 449 delegates from 135 countries and jurisdictions, as well as observers from 11 International Organisations.
Celebrating the 10th anniversary of the BEPS Package, the meeting took place over four days with active member engagement and constructive discussions, including on: BEPS implementation, the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, and the future agenda.
In a public statement issued by the Inclusive Framework, members recognised the critical importance of securing certainty and stability in the international tax system, in particular with respect to the implementation of Pillar Two and the ongoing Pillar One negotiations, agreeing to continue discussions in furtherance of this objective.
Members also recognised the continued value of the Inclusive Framework as a platform for collaboration and the opportunity to explore new areas of common interest using a phased evidence-based approach, including global mobility and the interaction between tax, inequality and growth. Improvements to operating processes and governance of the Inclusive Framework to enhance effectiveness and inclusivity were welcomed.
Members agreed to take stock of the BEPS work to date and contributed initial observations and ideas that will shape an anticipated report to be shared with the G20 later in 2025. Experiences and insights from independent stakeholders, including business, civil society, academia, and international organisations were also shared.
The meeting concluded with a series of discussions on domestic resource mobilisation and supporting growth in which the Platform for Collaboration on Tax (the joint initiative of the International Monetary Fund, OECD, United Nations, and the World Bank Group) made valuable contributions.
If you would like more information on the above, please contact Keith Rushen on 0207 486 2378.
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