CLEAN : G20 gets action plan to clamp down

The video discusses the Base Erosion and Profit Shifting (BEPS) initiative, which aims to address unfair tax practices and ensure companies pay their fair share. It highlights the importance of legal certainty and the challenges faced by SMEs. The speaker advocates for the adoption of a comprehensive action plan by G20 leaders to create fair tax rules suitable for the modern economy, reinforcing the social contract between companies, individuals, and governments.

What fundamental changes to international tax rules are mentioned in the text?

What does the speaker mean by 'modern social contract' in relation to taxes?