International Tax Forum Explores Global Tax Reforms at WGS 2025
Organized by the UAE Ministry of Finance, the forum focused on the OECD's Global Minimum Tax and broader tax reforms aimed at fostering economic stability and justice.
Key discussions revolved around the OECD's Pillar II rules, which seek to curb base erosion and profit shifting while ensuring multinational corporations adhere to minimum tax rates. Experts emphasized the significance of these reforms in balancing the interests of both advanced and emerging economies, reinforcing global economic stability.
The forum also tackled tax transparency, highlighting the importance of international cooperation in exchanging tax information to combat tax evasion. Additionally, e-invoicing emerged as a transformative tool, streamlining tax systems, reducing administrative burdens, and accelerating digital transformation in economies worldwide.
Amid the rise of the digital economy, experts explored challenges such as evolving business models and the expansion of e-commerce. They underscored the urgency of developing innovative tax policies that align with these rapid changes while advocating for stronger collaboration between governments and the private sector.
Younis Haji Al Khouri, Under-Secretary of the Ministry of Finance, emphasized the forum's role in shaping international tax policies. 'The ITF presents an opportunity to foster international dialogue on issues reshaping the global tax system. As digitization accelerates, it is imperative to adopt proactive policies that ensure sustainability and fairness,'
he stated.
Al Khouri reiterated the OECD's Pillar II framework as a crucial step in global tax reform, alongside discussions on tax information exchange, electronic invoicing, and the broader implications of digital transformations. He stressed the need for a concerted global effort to build sustainable tax systems that adapt to economic shifts and technological advancements.
News Source: Emirates News Agency
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