BRUSSELS | 20 OCTOBER 2025
G20 Meeting: Key OECD Tax Reports Presented to Finance Ministers
A G20 Finance Ministers and Central Bank Governors meeting took place on 15 and 16 October 2025 in Washington, DC, alongside the IMF and World Bank Annual Meetings under the South African Presidency. Discussions focused on the global economic outlook, financial stability, debt vulnerabilities, sustainable development financing, and strengthening multilateral coordination.
In preparation for the meeting, the OECD submitted several key reports on international tax policy developments, including updates on the implementation of the Two-Pillar Solution, a retrospective on ten years of the BEPS Project, and a new voluntary framework for the automatic exchange of information on immovable property.
Regarding tax matters, Ministers and Governors welcomed the submissions made by the OECD ahead of the meeting and called upon members to advance implementation of the agreed standards on transparency, dispute‑resolution and alignment of profits with value creation. G20 members agreed to intensify multilateral cooperation on tax avoidance and evasion, support the inclusive framework on the BEPS project, and examine the feasibility of expanding automatic exchange arrangements, thereby reinforcing tax as a core pillar of the global economic‑policy agenda.
OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (October 2025)
The OECD Secretary-General’s report provided G20 Finance Ministers and Central Bank Governors with a detailed update on progress made in international tax cooperation. The report noted substantial advancement on the implementation of the Two-Pillar Solution, with Pillar One’s Multilateral Convention on Amount A signed by 138 members of the Inclusive Framework in October, although ratification remains pending in many jurisdictions.
On Pillar Two, the report outlined momentum on global implementation of the Global Minimum Tax, with over 50 jurisdictions having already enacted or in the process of enacting legislation. Updates were also provided on capacity building efforts and the OECD’s support to developing countries via the G20/Inclusive Framework’s two-pillar strategy.
A Decade of the BEPS Initiative
To mark ten years since the launch of the BEPS Project, the OECD presented a retrospective report assessing its impact. The report found that the BEPS Project had achieved broad implementation of its minimum standards and had significantly reshaped the global tax landscape. Key milestones included the adoption of country-by-country reporting, the strengthening of transfer pricing rules, and a substantial increase in tax transparency.
The report noted that over 135 jurisdictions now participate in the Inclusive Framework, fostering unprecedented levels of international cooperation. Challenges remain, particularly in ensuring effective implementation in all jurisdictions and adapting to ongoing changes in the global economy. Nevertheless, the report concluded that the BEPS Project had led to measurable progress in tackling tax avoidance and aligning profits with value creation.
Framework for the Automatic Exchange of Readily Available Information on Immovable Property for Tax Purposes
As a new voluntary initiative, the OECD launched a Framework to support the automatic exchange of information on immovable property. The framework aims to assist tax administrations in accessing ownership information about real estate held by non-residents, an area often vulnerable to tax evasion and illicit financial flows. Participating jurisdictions would collect and exchange readily available data from government sources such as land registries, tax records and other public databases. The intention is to provide greater transparency and support compliance by foreign property owners, complementing existing initiatives such as the Common Reporting Standard and Beneficial Ownership Transparency. The framework is presented as a flexible, modular tool that jurisdictions can adopt according to their domestic capabilities and policy priorities.
UN Tax Committee 31st Session: 21 to 24 October 2025