Beijing (PingWest)—China's Finance Minister Liu Kun said that the country will support the efforts made by the G20 members to forge an international deal on digital taxation by the middle of this year, state-owned media China Daily reported.

The top Chinese government official shared his views with G20 finance ministers and central bank governors during an online meeting on Friday, 

"Unilateral measures" should be avoided while dealing with the tax digitization challenges, said Liu.

Unilateral actions like levying taxes on large technology companies may lead to tax competition and discriminatory treatment in various countries, experts said.

At the G20 virtual meeting, US Treasury Secretary Janet Yellen said her country was dropping the safe harbor proposal, a move that is expected to spur the long-stalled multilateral negotiations at the OECD.

Italian Finance Minister Daniele Franco, who co-chaired the meeting, told newsmen after the meeting that the G20 expects to find a digital tax solution by the middle of this year.