New Delhi: Finance minister Nirmala Sitharaman will present India’s views on taxation of the digital economy at a meeting of G20 finance ministers and central bank governors later this month, said a government official.
At the two-day meeting to be held at Fukuoka in Japan starting 8 June, the Organisation for Economic Co-operation and Development (OECD) will submit a report on taxation of the digital economy urging greater cooperation among nations. India has been actively participating in the OECD-G20 efforts to forge a global consensus on the taxation of the digital economy.
The G-20 finance ministers are also likely to discuss the global economy, risks and challenges and ageing and its policy implications. Infrastructure investment, resilience against natural disasters, and strengthening health financing for ensuring health for all in developing countries may also come up for discussion.
The previous meeting of G20 finance ministers and central bank governors in Buenos Aires in July 2018 had emphasised monetary policy supporting economic activity and ensuring price stability while fiscal policy remained growth-friendly. The G20 is made up of 19 countries and the EU. The 19 countries are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, the Russian Federation, Saudi Arabia, South Africa, South Korea, Turkey, the UK and the US.