Lowering company tax on the agenda at G20

LOWERING company taxes and addressing a global backlog on infrastructure investment will be two key issues during high-level economic talks in Sydney this weekend.

The G20 Finance Minister's meeting, led by Treasurer Joe Hockey, will look for consensus on a range of global economic problems.

It comes after the OECD on Friday released a report urging action on international unemployment levels in both developed and struggling economies.

The report also urged the meeting to come to agreement on lowering taxes on companies, particularly smaller players with less access to capital.

Mr Hockey on Friday said the meeting would also look at the international tax paid by digital companies, as well as a world-wide backlog in infrastructure investment.

He said the "whole world needs new infrastructure", but governments had run out of money, with a key question being how to fund such development.