For years, governments have grumbled about the current global tax system, pointing fingers at tax loopholes that have encouraged companies to shuffle their reported profits to low-tax havens. Now, the tax system is on the brink of a revolution, as a ground-breaking tax deal for the digital age has been finalized by 136 countries and jurisdictions led by the OECD.

This Friday, CGTN's Lily Lyu speaks to Kieran Donoghue, global head of strategy, public policy and IFS at IDA Ireland; and Elton Huang, China tax leader at PwC China.