The G20 summit begins today, bringing together South Africa, Germany, Saudi Arabia, Argentina, Australia, Brazil, Canada, China, South Korea, the United States of America, France, India, Indonesia, Italy, Japan, Mexico, the United Kingdom and Russia. , Turkey and the European Union, headed by Italian Finance Minister Daniele Franco, and Bank of Italy Governor Ignazio Visco. The meeting continues until tomorrow.
According to the statement published on the organization’s website, the event, which is being held in Venice, includes on the table topics related to “economic recovery, the digital revolution and productivity, support for the most vulnerable countries, international tax issues, and the financial sector.” Green Transformation Issues and Financing.
As Reuters said this week, the first item on the agenda for this summit will be possible support by twenty world powers, for the 15% global minimum tax, proposed by Janet Yellen, Secretary of the Treasury to Joe Biden and approved last week by 130 State and Judiciary
At the end of May, Italian Minister of Economy and Finance Daniel Franco announced that the G20 was working to reach an agreement on a global minimum tax for multinational companies.
“As the Italian presidency of the G20, we are moving in this direction, and our goal is to reach an agreement at the ministerial meeting in July, which will set the guidelines,” Franco explained at an event on sustainable finance, organized by the Ministry of Finance. Italian agency Ansa.
The Italian minister acknowledged that some “European and non-European” countries might want a different, perhaps more ambitious solution, but acknowledged that the fact that the Joe Biden-led administration had made the proposal was “very important”.