Home » Business » Meeting of Finance Ministers of G20 countries is underway

Meeting of Finance Ministers of G20 countries is underway

Fukuoka:8/6/19:   The meeting of Finance Ministers of G20 countries is underway in the Japanese city of Fukuoka.

Finance chiefs of major economies are debating over how to revise tax systems to ensure big companies pay their fair share and support economies as global growth slows.

They called for the creation of a digital tax for multinational technology companies. The aim is to prevent tax evasion and to modernise policies, as financial markets and businesses have been transformed by technology.

Speaking at the meeting, Japanese finance minister Taro Aso, said this could be the biggest reform of the long established international framework in over 100 years.

Meanwhile, talking to reporters on the sidelines of the meeting, US treasury secretary Steven Mnuchin said that Washington is open to further negotiations with China on their ongoing trade battle. He, however, warned the US would press on with tariffs if a deal could not be reached.

US President Donald Trump is expected to meet his Chinese counterpart Xi Jinping at the G20 summit in Osaka on June 28-29. The leaders will possibly work on resolving their bruising standoff over trade and technology.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

Check Also

Film Review:Aparajito – The Undefeated (2022)

Snehith Kumbla Noted Bangla director Anik Dutta’s chronicle of how Satyajit Ray made his iconic debut feature Pather Panchali (1955), Aparajito – The Undefeated (2022) is a good life-inspired drama ...