The G20 is expected to give its political endorsement to plans for new rules on where and how much companies are taxed which were backed last week by 130 countries at the Paris-based Organisation for Economic Cooperation and Development. Ireland was not on the list of signatories to the proposals.
The G20 members account for more than 80% of world gross domestic product, 75% of global trade and 60% of the population of the planet, including big-hitters United States, Japan, Britain, France, Germany and India. Aside from tax, ministers will discuss a global economic recovery which officials from G20 president Italy told reporters was hugely uneven, with wealthy Western countries picking up strongly while developing nations are left behind.
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