Media ININ Economy We Trust
Media IN Fukuoka, Jun. 9 2019
Trade and economy ministers of the Group of 20 major economies met Sunday in Japan to discuss ways to reorder trade rules and finances in an era of technological change and protectionism.
Major progress, and a decision on whether Washington will impose 25% tariffs on $300 billion worth of Chinese exports, will depend on the outcome of that meeting, he said.
Much attention at G-20 meetings this year is focusing on how to adapt tax systems and regulation of increasingly digital economies.
Ensuring that governments capture a fair share of profits from the massive growth of businesses like Google and Amazon has grown in importance over the many years the G-20 finance chiefs have been debating the reforms aimed at preventing tax evasion and modernizing policies to match a financial landscape transformed by technology.
Mobile banking, big data, artificial intelligence and cloud computing are among many technologies that are expanding access to financial services for many people who in the past might not have even used banks.
