• Vice President Nadia Calviño defends the need to reach a global agreement as soon as possible to address the challenges of international taxation in order to maintain confidence in the system and favor fair taxation.

The third vice president and minister of Economic Affairs and Digital Transformation, Nadia Calviño, has participated in the G20 ministerial meeting held during the weekend in Riyadh (Saudi Arabia).

The ministers of Economy and Finance of the G-20 have analyzed the situation of the international economy, appreciating signs of a rebound in economic growth in 2020 and 2021, although in a complex environment marked by uncertainties arising from commercial tensions and the effects of coronavirus They have also discussed the implications of climate change on financial stability, on advances in social cohesion and inclusive growth, sustainability and transparency of the debt of developing countries, investment in infrastructure and the stability of the financial system.

The G20 ministers have positively assessed the progress in the OECD framework to address the fiscal challenges that arise from digitalization and ensure a minimum taxation of societies at the international level. They have agreed to continue work with a view to reaching a consensus solution that lays the groundwork for a political agreement at the meeting scheduled in July in Berlin and the leaders summit scheduled for November.

Vice President Nadia Calviño has had the opportunity to report on the adoption this week by the Government of the Bill on the Tax on Certain Digital Services, which aims to adapt taxation to the new business models of digital platforms, and to express Spain's support for the achievement of a global agreement in 2020.

Priorities aligned with Spain's policies

The vice president has highlighted the differential growth of the Spanish economy and the priorities of the new Government in the field of fiscal consolidation and the reduction of inequalities, underlining the commitment to inclusive and sustainable growth, in line with the priorities of the G20 .

On the other hand, the ministers have addressed the challenges of the financial sector and supported regulation and supervision in the digital area. The vice president has had the opportunity to present the recent initiative of the Government in this area, by adopting this week by the Council of Ministers of the bill to establish a safe framework of evidence, "sandbox", which aims to accompany the transformation digital financial sector

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