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.

Finding global solutions at the G20

Regarding tax transparency, Brazil is also closely involved in work on automatic exchange of information (AEOI) and is part of the Steering Group of the Global Forum on Transparency and Exchange of Information for Tax Purposes. On tax and environment, Brazil is also engaged in discussions around carbon pricing.

Engagement under the G20 has also led to Brazil’s request to adhere to the revised OECD Code of Liberalisation of Capital Movements. The ongoing adherence process of Brazil to the Code represents an important call to bring other key G20 emerging economies closer to this important standard,. In that same vein, as an active member of the G20 Anticorruption Working Group, Brazil helps promote the OECD Anti Bribery Convention in the G20. Brazil has been engaged in a number of other G20 initiatives where the OECD is playing a leading or facilitating role. This includes for instance the G20 High Level Principles for Children Protection and Empowerment in the Digital Environment or the development and adoption of highlevel principles on artificial intelligence (AI). On the latter, Brazil is an adhering country to the OECD Principles on Artificial Intelligence (AI), and to the G20 AI Principles, which were drawn from the OECD Principles; is participating in the work of the OECD AI Observatory; and is working closely with the OECD to implement the G20 AI Principles.

www.oecd.org/g20

L The names and flags of the current members of the G20.