In the tax field, discussions made it possible to reach an ambitious agreement, in order to establish new territorial tax rules ensuring fair taxation of corporations, including in the digital sector, regardless of physical presence. The Ministers and Governors also agreed to put in place a minimum level of effective taxation of business profits, in order to address aggressive tax planning schemes. The Chantilly G7 Finance Meeting thus generated momentum towards a comprehensive agreement at the OECD on the general architecture of these rules by January 2020.
Concerning new payment methods developed by the private sector (stablecoins), there was strong convergence on underlining the serious concerns raised by these products, both in regulatory and systemic terms, and the major challenges for public policies. In this context, the participants felt it important not to authorize the deployment of these projects so long as these concerns are not addressed by their promoters.