02 August 2022 Tuesday
Taxation Meeting from the International Chamber of Commerce
The International Tax Conference jointly hosted by the International Chamber of Commerce (ICC), Business@OECD and BusinessEurope last week highlighted how a consistent global tax system is essential for business and will foster cross-border trade and investment.
Under the theme “Towards a Sustainable World Tax Order?”, the International Tax Conference, held last week in Munich, Germany (21-22 July), gathered business leaders and policymakers from around the world over two days to address key, current and emerging topics in international tax policy. The sessions underscored the importance of certainty, clarity and simplification for effective implementation of the new international tax rules, as well the need for continued cooperation, collaboration and engagement from the business community as a key stakeholder in the process.
The event brought together a great line up of speakers from ICC, the Organisation for Economic Co-operation and Development (OECD), the United Nations (UN), the European Commission, tax administrations and business representatives to discuss tax policy and implementation issues related to the OECD/G20’s two-pillar solution to address the tax challenges arising from the digitalisation of the economy. Other tax issues at global level such as carbon pricing and cross-border mobile working were also discussed.
Speaking at the conference, Christian Kaeser, Chairman of the ICC Global Taxation Commission, stated that everyone should take active steps to promote coherent approaches in solving current problems. He stressed that globally coordinated efforts are needed to ensure that future international tax rules are applicable in an increasingly digital economy and strengthen efforts towards net zero emissions targets in the climate.
