G20 = Deputy Prime Minister and Finance Minister Aso said at the meeting of finance ministers and central bank governors of 20 major countries that they would aim to reach an agreement on the introduction of a common "minimum tax rate" for corporate tax. He emphasized the significance of stopping the competition to reduce corporate taxes amid severe financial conditions in each country due to the influence of the corona virus.
At the G20 Finance Ministers and Central Bank Governors' Meeting on the 7th, a statement was put together aiming for a mid-term agreement on the introduction of a common "minimum tax rate" for corporate tax.
Regarding this, Deputy Prime Minister and Finance Minister Aso said at a press conference after the Cabinet meeting, "Each country has made a large amount of fiscal mobilization in various ways, and the balance sheet is extremely bad. Japan is also issuing new government bonds at a stretch. , Especially in developed countries, "he said, emphasizing the significance of stopping the competition to reduce corporate taxes amid severe financial conditions in each country due to the impact of the new corona virus.
Regarding the outlook for future negotiations, he said, "We are in the process of reaching an agreement, but we must look to the very end."
On the other hand, regarding the exchange rate, regarding the statement that the G20 statement "reflects the underlying fundamentals = basic conditions of the economy", "while each country is making a large amount of fiscal mobilization, It's not without the possibility that some countries will force their currencies to depreciate, so that's no good. "