THE OECD AND BRAZIL
Finding global solutions at the G20
The OECD and Brazil have established a close cooperation in the context of the G20, with the aim to strengthen the global economy and make it more inclusive, rules-based and open. In this context, cooperation under the G20 especially, in areas such as infrastructure, international taxation, capital flow management, steel and digital, have proven to be an important platform to advance OECD-Brazil partnership. As co-chair of the G20’s Infrastructure Working Group, Brazil is actively engaged in ongoing work under the Indonesian Presidency, focusing on the priorities of scaling up sustainable infrastructure investment and addressing subnational disparities. The OECD is providing evidence and analysis on both priority areas, with the aim of helping G20 countries narrow the infrastructure-financing gap and promote quality infrastructure investment.
Brazil continues to be actively engaged in the G20/OECD international tax agenda. Brazil has played an important role in guiding this work as a member of the Steering Group of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS), which includes over 141 countries and jursidictions, and aims to implement 15 measures to tackle tax avoidance, improve the coherence of international tax rules and ensure a more transparent tax environment. Brazil has also joined the October 2021 Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy which will ensure that multinational enterprises (MNEs) will be subject to a minimum tax rate of 15%, and will re-allocate profit of the largest and most profitable MNEs to countries worldwide.
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