This week China promised a tax-evasion crackdown on social-media influencers, who are paid by brands to promote products online to armies of followers.

Treasury officials are, however, keeping cautious eyes on Estonia, which was one of the final EU holdouts over the OECD deal amid concerns that it could complicate its tax code.

The OECD package deal includes a levy on the world’s 100 biggest companies, which the Commission on Wednesday said could help pay back the debt the EU raised to finance its €800 billion recovery fund.

Some other components are ICTisation of schools,Integrated Taxation System, and electronic Patient Information management.On the other hand, our Central Bank is also piloting a project on digital Ngultrum, Bhutan’s currency, using block chain technology. This is to adapt with the overall ICT transformation and harness technology for a 21st century Bhutan.

Knowing that the path ahead is ICT driven, we have started digital initiatives with the ultimate goal for everyone in Bhutan to have a digital ID, as a build-up for Big Data system

How much more fake news will we allow to be spread without states defending the public digitalspaces? We have come together with alacrity to defend the right of states to tax across thedigital space but we are not prepared to come together quickly to defend the right of our citizensnot to be duped by fake news in that same space.

Domestic resource mobilisation is crucial to build back better and to reach the SDGs. Fairand effective tax systems are needed–not only to generate revenue, but also to build trust in government.The agreement reached in the OECD on a new framework for international tax reform is an important step forward.

We endeavor to fight poverty and exclusion in all its forms, in Spain and worldwide,reforming our development model tomake it more sustainable. That is why wewelcome the historic agreement on international taxation reached at the beginning ofJuly. I call upon each and every country to join this initiative andimplementthe agreementas soonas possible

an ambitious global minimum tax of at least 15 per cent on a country-by-country basis, through the G20/OECD inclusive framework and look forward to reaching an agreement at the July meeting of G20 Finance Ministers and Central Bank Governors

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